Want to buy a condo? See how a new law could expand FHA options here in O.C. (CA)

For 15 years, Judy Johnson planned to get a reverse mortgage when she retired, supplementing her Social Security with proceeds from her San Clemente condo.  But after she stopped seeing clients and shut down her public relations business last year, Johnson discovered the government had changed the rules on her.  Her three-bedroom condo in Talega Gallery no longer qualified for Federal Housing Administration-insured loans. As a result, she can’t get a reverse mortgage.     Read the article…………


Related Articles

Residents Escape Condo Fire in Walnut Creek

Shooting flames popped out of a condominium complex in Walnut Creek early Wednesday, but residents living inside the building were

Smoldering BBQ coals ignite flames at Reseda condo: 7 homeless (CA)

Smoldering barbecue coals ignited flames at a Reseda condo Sunday, and firefighters needed 14 minutes to knock down the blaze,

Millennium Tower is still sinking, and those legal bills are still rising (CA)

As the Millennium Tower continues to sink, the legal costs continue to rise.  On Thursday, the Transbay Joint Powers Authority