Condo projects present a unique situation when it comes to insurance on the unit being financed, as well as on the project itself. Due to the legal structure of condos, all …
Tag: Condo
Condos and PUDs
In real estate, there are four types of projects for properties. These are: Single Family (not in a project); Planned Unit Development (“PUD”) Projects; Condominium (“Condo”) Projects; and Co-operative (“Co-op”) Projects. …
Today’s tip: Consider a condo
With increased amenities and conveniences, condo living is a great option whether you are looking for a starter home or an investment property. Let us help you figure out if …
Condos and PUD Projects
Borrowers will sometimes ask what are the advantages and disadvantages of purchasing a home in either a Condominium or Planned Unit Development (PUD) project. Before someone can decide whether this …
Condominium Project Approval
Just like a borrower must be approved for a loan, a condo project must be approved as well. When a lender makes a loan that is secured by a condo …