New law to help condo buying has uncertain start (CA)

A bill passed unanimously by Congress and signed into law by Obama calls on the FHA to lower the owner occupancy requirement for condo complexes from 50 percent, which is hard to find in San Diego County, to 35 percent.  That means more condos could be bought with a 3.5 percent down loan, well below the usual 10 or 20 percent required.    Read the article…………..


Related Articles

The power of an HOA

Homeowners associations have been around at least since the 19th century, but homeowners still have mixed feelings about them.  For

History or hazard? Sammamish’s Baker House being considered for landmark status

A debate between a historic preservation group and a local homeowners association ended inconclusively at the Sammamish Landmarks Commission meeting

Bad condo boards beware: Legislature passes new laws unanimously (FL)

The Florida Senate on Monday gave unanimous and final approval to a bill that imposes criminal penalties on condominium violations