Asked by Angel, Carpentersville, IL • Mon Aug 6, 2012
I helped my Father locate and purchase an investment property in March this year, by hiring the agent who helped me purchase my own home. Shortly after we closed, the association advised us that we could not rent the unit, due to their rental cap which than exceeded 10%. To make matters worse, we found out that their FHA expired about 6 months before we purchased and they can not re-apply due to their delinquencies. We are stuck like chuck unless we can find conventional or lease to own buyers, right?
Real Estate in Carpentersville
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