Fannie Mae is becoming more strict with their loan requirements as they deal with how much money condo associations keep in reserve. Every condo association is unique, and they cover a number of services for their residents. Some cover trash, water, even cable tv in some cases. Most associations … [Read more...]
New Fannie Mae Credit Checks Impact Cincinnati Real Estate Sales
Effective June 1, 2010 Fannie Mae is mandating a number of additional qualifications for each mortgage application. These additional mandates are intended to ensure that the information collected from buyers when they apply for a mortgage are the same as when they go to close. Fannie Mae is … [Read more...]
Price Sells Real Estate
Price Sells Real Estate! If you price your property appropriately for the current market conditions your real estate will sell. NPR ran an article a few days ago that really highlights this point. last year the Miami, FL condo market was nearly dead. To many built and proposed condos, to few buyers, … [Read more...]
Making Home Affordable Program
Cincinnati homeowners and homeowners around the U.S. need to be aware of the following information if they are looking to refinance and are having difficulty getting approved. There are options for refinance and loan modifications mandated by the federal government. The Making Home Affordable … [Read more...]
