Our 1317-unit HOA (with 170 condo owners within) is not fully available to all potential buyers.  The community south of Corona in the Southern California Inland Empire is not FHA certified for a couple of reasons: 1) the existence of a a mandatory, developer imposed community development fund that places an escrow fee of .5 percent of the sale price on all properties, and 2) a specific unresolved legal case by the HOA against the original developer of a backroom deal for telecommunications. Such impediments to FHA (even VA) certification are not unusual, but the State of California now requires HOAs to make these disclosures public.  That could be a good thing. Flip②▶ STORIFY  ♥  FLIPBOARD  ★  BLOGGER  ▲ ALTACITIES  © Now with 3,600+ followers on  http://socialcurrent see.com  and the sites above  in affiliation with   http://demaconnect.com [ View the story "Financing your HOA buy via FHA, VA?" on Storify ] ...

Flip②▶ STORIFY ♥ For the typical homeowner, two dates are the primary focus of this post: 1) Date when you buy your home 2) Date when you sell your home For those of us who are 65+, now living in what we thought was our final home ownership transaction, the first date is history and the second date is unknown and may never happen in our lifetime. But if that does happen, your considerations may revolve around the current viability of the marketplace which begs the questions: Who is available to buy my place?  How many buyers are eligible? Those eligibility factors often relate to financing and approvals for different types of financing, including not just conventional, but also VA and FHA.  As for the later, here is a glimpse at some 'social current see' on that topic.  Be sure to read the marginal comments that follow. [ View the story "What is FHA certify?" on Storify ] Enter your email address: Delivered by FeedBurner Not sure what to do ...