For this home I sold in San Jose for $470,000, I was the seller’s agent to a client I sold this home to less than 2 years ago who is ready to make a move. There was an interesting twist to this transaction. I had a buyer that I was working with for some time […]
Entries Tagged as 'FHA approved'
February 9th, 2010 · No Comments · condo homeowner, condo/townhome, FHA approved, FHA loan, first time buyer, real estate
Why FHA decided to end spot approvals is a complete unknown to me and is definitely not good news for FHA buyers and condo/townhome communities that are not FHA approved. As of February 1, 2010, FHA no longer allows spot approvals in said communities. A spot approval is one in which FHA looks at an individual unit, the HOA documents, and […]