Non-Warrantable Condo
Non-Warrantable Condo

Pending Litigation and Non-Warrantable Condos

One of very first lessons a new real estate agent learns is that almost every single condominium project will eventually be involved in some form of litigation throughout its lifetime. Here is everything about Pending Litigation & Non-Warrantable Condos. Given the fact that it’s the homeowner’s association that governs the […]

The Mortgage Process of a Non- Warrantable Condo

Once a condo development has been determined to be non-warrantable, the mortgage loan options begin to immediately diminish. Many of the nation’s biggest banks like Bank of America, Wells Fargo, Chase, and Citibank will not provide mortgage financing to a non-warrantable condo, regardless of the financial strength of the borrower, […]

Purchasing a Condo as an Investment Property

Regardless of the real estate seminar or property flipping reality television show that you devote your loyalty, there are two very basic economic objectives of purchasing residential investment properties. Cash-Flow- The proceeds of rental income after the expenses of the property; the mortgage payment, property taxes, homeowner’s insurance and HOA […]