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Macomb County MI Real estate

Macomb County MI real estate blog

FHA and condo purchases in Macomb County

April 6th, 2010 · No Comments · Condos in Macomb County MI, tips for home buyers

If you’ve been trying to purchase a condo using an FHA mortgage then you’ve
probably run in in to the new HUD rules regarding them.  One website that I’ve
found extremely handy for my condo buyers is this one. It is so much easier
to first search for HUD approved condo  sites and then do a search for
available condos in sites that are already approved.

One change I noticed while searching for the approved sites is this:   If a condo
complex is approved now based upon previous criteria that approval seems to
expire in December of this year.   After the expiration date the condo complex
will probably have to reapply for approval using FHA and HUDs new requirements.

Hopefully the association companies and homeowners in the condo complexes
will be proactive and start the process well before the expiration dates.

If you want a list of HUD approved condo sites in an specific area you can search
at the link provided above, or give me a call and I’ll be happy to do that for you.
One tip:  Search using zip code and it is much more accurate.

~Kris Wales~  A partner for your real estate needs in Macomb County MI
Search Macomb County MI homes for sale

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.