HUGE news for would-be condo investors: Fannie Mae has finally changed the rule that has been strangling condo sales. From now on, when new investors apply for financing on a condo unit, no longer will vacant and foreclosed condos be counted as non-owner occupied.
Until now, Fannie’s long-time policy has been to bar new investor loans in [...]

“Ok, well keep me posted if you see any good deals.”
I hear this all the time from would-be buyers on the phone who are stuck in the mud and never quite satisfied with what’s on the table. These folk never buy, because they’re always wating for something better to come along. “Sure,” I say.
What I [...]

Yesterday the Fed finished their final Federal Reserve Open Market Committee meeting of the year and stunned markets with an unprecedented drop in key interest rates.  They opted to reduce the Fed Funds Rate to a range for the first time in target setting history as opposed to a definite value.  They also dropped them [...]

Not a condo, but – you could pick it up at a condo price!
Lake Melrose Dr 
Orlando, FL  32829
(East of downtown)
Description
4BR 2.5BA 3778sf+\- single-family. Gorgeous home, open and spacious floor plan on a private conservation lot with beautiful landscaping. Tasteful upgrades, pool, huge upstairs bonus room. Study/office off the master suite. Extensive hardwood floors, private gated neighborhood close [...]

According to this weeks Orlando Business Journal (OBJ), the backers of the Blue Rose condo hotel project, could be forced into bankruptcy.
A UK-based equity partner, Jaymar Estates, filed a Chapter 7 petition against Blue Rose Orlando LP in Miami. According to the OBJ, South Florida developer Camilo Aguirre labelled the petition as “ridiculous”. He claims the developer [...]

5.25% — or 5.482% APR
This is our 30 year fixed rate right now.  Rates have gotten ridiculously low.  The lowest we’ve seen in 3+ years, in fact.  So what happened to make rates drop so suddenly, you ask?  The government stepped in last week and said they would buy upwards of 500 billion dollars in [...]

Question: What are my options as an owner if the board and management company refuse to enforce one of the rules? I’ve filed an official complaint and they refuse to act. It’s a board member in violation.
Answer: “One of the rules” is a bit vague. Not all rules are created equal nor carry the same [...]