Monthly Archives: August 2009

Tough Rules For Condos

Posted on August 5, 2009 by admin

Tougher rules for condo loans could put blocks on condo purchases. FHA, Fannie & Freddie appear to have increased the percentage of pre-sales required before they will lend on condo purchases and may be screening out projeccts where more than … Continue reading →

Posted in Condominiums | Leave a comment

REAL ESTATE APPRAISAL RULES

Posted on August 3, 2009 by admin

New rules have been adopted governing residential mortgage loan appraisals.  These rules are intended to assure the independence of appraisers from the lending institution by requiring appraisers to be selected by an independent appraisal management entity. The problem that this … Continue reading →

Posted in Real Estate Appraisal | Leave a comment