Is this property FHA approved?

Asked by Susanne, Somerville, NJ Sun Sep 9, 2012

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This question is about this property: http://www.trulia.com/property/3082548953-1-Loeser-Ave-Somer…

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3
Mary Petti, Agent, Edison, NJ
Mon Sep 10, 2012
Susanne,

Just checked the website. This development is NOT FHA approved.

In this zip code it appears the only development that is approved (to Feb 2014) is Society Hill at Branchburg.

IF you are interested in condo's in Somerset County (or Middlesex for that matter) feel free to give me a call at 908-675-0167 and we can discuss your needs in more detail. There are several developments in both counties that are currently approved, and in a range of prices/sizes.
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Donna Haigh, Agent, Bridgewater, NJ
Sun Sep 9, 2012
No, I'm sorry this property is not FHA approved.
0 votes
Mary Petti, Agent, Edison, NJ
Sun Sep 9, 2012
There is a web site that lists all the HUD/FHA approved condo developments, but it only functions Monday through Friday, so I could not access the information just now. ALthough a development may have been FHA approved, they must renew their applications and some that WERE previously approved, are no longer which is why checking the site gives accurate up to date status.

However, the property you inquired about is a "short sale". If you are not familiar with what that is, please read this blog I wrote about the short sale process.

http://www.trulia.com/blog/mary_petti/2011/04/short_sale_basics

If you have any questions, please feel free to contact me at 908-675-0167 and I will be happy to help.
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