In My Neighborhood in Austin>Question Details

Janet Quenon…,  in San Antonio, TX

Any insight on the Loft Condos on 1st street? Many foreclosures - is the HOA a money drain with assessments?

Asked by Janet Quenon Holt, San Antonio, TX Sat Oct 30, 2010

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THere are no special assessments at the lofts. This was a complex converted from 2005 to 2006 with lending based on 99 percent investor loans. Foreclosures are the results of California investors jumping ship with the current lending situation not lending on investor dominated ownership. It is not FHA approved nor Fannie Mae approved because the banks changed the lending.
0 votes Thank Flag Link Sat Oct 30, 2010
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