Buying & Selling

Feds Seek to Enhance HECMs for Senior Homeowners

The Federal Housing Administration (FHA) has is seeking industry feedback on a set of proposed policy updates to its Home…

6 months ago

Fannie Mae keeps a secret condo blacklist. Why? (MA)

Shortly after Nicholas Perricone bought his condo in the Financial District on June 30, 2022, he joined the building’s board…

6 months ago

What is a homeowners association (HOA) and how does it work?

An increasing number of homes across the U.S. are governed by private organizations known as homeowners associations (HOAs). These groups…

6 months ago

Man warns others after surprise HOA fees revealed while selling Knoxville home (TN)

An East Tennessee man was surprised with Homeowner’s Association fees that were part of the closing costs on his home…

7 months ago

How HOA Fees Work in New-Construction Communities: What To Expect

When purchasing a new-construction home, most buyers prepare for the down payment, closing costs, and subsequent monthly mortgage payments. But…

7 months ago

What is a DUCIOA?Resale Certificate and why do I?need it? (DE)

The resale certificate is a document promulgated in response to a consumer protection law in Delaware known as the Delaware…

7 months ago

Condo review process changes impact loans

Effective this week, Fannie Mae and Freddie Mac backed loans will begin to require additional information as part of the…

7 months ago

Fannie Mae and Freddie Mac: New lender requirements take effect

In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives.      Read…

8 months ago

$30K fine for B.C. real estate agent who failed to warn clients about special levy before condo purchase (BC)

A second B.C. real estate agent has been ordered to pay more than $30,000 for failing to notify his clients…

8 months ago

Five Red Flags to Look For During Condo Document Review

One of the first things you should look at when evaluating a condo is whether it is in good financial…

8 months ago