Here is the link to check to see if a condo is FHA approved.
Here is the link to check FHA mortgage limits for your county from FHA
Here is the Raincityguide.com link for the FHA limits, plus FHA high balance limits. Remember, the “high balance” FHA loans are not readily available and if so, are often offered at a higher interest rate.
FHA’s 203k Rehab Mortgage Program
President Obama’s Making Home Affordable website.
New York Times debate regarding the Geitner plan. (The content for my “market update” slides came from interviews in this aricle.)
In other late breaking news today (Tues eve) Frontier Bank was given a cease and desist order by the FDIC.
I just took a look at the new proposal by the Mortgage Bankers Association on what would amount to taking power to regulate lending away from the state and transfering it to a new federal agency. For the record, I would NOT be in favor of this, based on our federal government’s track record overseeing other federal laws such as RESPA.
and finally, here’s the link to the Veridan Cove Condos! Thank you for your attendance!
…and thank you to Karen Kostner from Solution Partners NW for inviting me to Veridian Cove.
UPDATE 1:
Here is a link to the WA State Dept of Labor with information on whether or not a person needs a contractor’s license to perform home repairs.
There was a question on whether the Geitner plan for removing toxic loans from the banks would extend to lender servicers that are NOT depository lenders. Here is the Treasury press release. The plan is addressing only financial institutions. However, we must remember that private lender/servicers are way more motivated to get those loans performing than a publicly traded bank.
Here is the link to the NAHB website with more selling points about the tax credit.