It's been a while since I took the time to write...usual excuses...busy with work, etc..the real truth is there wasn't much to share...just surviving Real Estate.
Learned somethng important this week...FHA is basically getting out of the condo financing business and doing it fast. As far as I know this hasn't received much attention even the major property management companies in Bham were/are unaware this was happeing. By the end of September it will be too late for your unit to receive a "spot" approval and after that if the property you're selling or wanting to buy hasn't been pre-approved by FHA it's too late.
Gonna be alot of folks unhappy when this gets out...FHA is where the vast majority of the condo buyers under $275,000 turn for financing.
Activity seems to have improved over the past few weeks...I'm not sure if it's a trend or we're just fortunate to have some properties people are considering...either way there definitely seems to be a better overall attitude about RE than there was in the fall of 08'.
Unitl next time...what's on your mind ?
Seymour