FHA WILL POSSIBLY BE SUSPENDING THE NEW CONDOMINIUM GUIDELINES THAT WERE SUPPOSE TO GO INTO EFFECT OCTOBER 1ST TO NOVEMBER 1ST SO THEY CAN WORK THREW SOME CHANGES THAT WERE NEGATIVELY GOING TO EFFECT THE CONDO MARKET.
THIS MEANS LENDERS MAY STILL BE ABLE TO USE THE OLD SPOT LOAN APPROVAL PROGRAM UNTIL NOVEMBER 1ST. FHA SHOULD BE MAKING THE OFFICIAL ANNOUNCEMENT SOMETIME THIS WEEK.
Many thanks to Gregg Busch for this IMPORTANT update!
Gregg Busch
Vice President
First Savings Mortgage Corporation
Direct Line - (703) 883-9580
Fax - (703) 564-4685
Cell - (202) 256-7777
E-mail - gbusch@firstsavings.com
