Financing in North Miami : Advice

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Randell Simp…, Real Estate Pro in Miami, FL
Randell Simpson answered:
I am interested in an apartment with 118 units currently 20 units are 90 days or more late with HOA dues 17% deliquency rate will a bank lend?
You need to first determine if the property is Fannie Mae approved. I urge you to call your Real Estate agent and depend upon them for guidance.
1 vote Share Flag Wed Jan 30, 2013 Financing in North Miami
Carrie Rober…, Other/Just Looking in Sarasota, FL
Carrie Roberts answered:
ii will be receiving a gift from my mother for a downpaymnet for first home purchase is this tax except and is there percentage cap of amount of gift
Sandra,

Generally you should owe no income tax on the receipt of a gift of any amount. The person making the gift to you may have a gift tax consequence, but if they do it is their r ... more
0 votes Share Flag Thu Jun 3, 2010 Financing in North Miami
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
I am looking for a realtor &/or broker in Miami, preferably in North Miami, who has VERIFIABLE EXPERIENCE in working Spot FHA condo approval
FHA just extended the big changes they are making in the condo approval process until Nov 1st. You might want to call the HOA mgmt company and ask them a few questions first to see if ... more
0 votes Share Flag Mon Sep 14, 2009 Financing in North Miami
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