hoa? va/fha acceptable/available? warranties on.......?

Asked by JAMES JACKSON, Oklahoma City, OK Wed Jun 27, 2012

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This question is about this property: http://www.trulia.com/foreclosure/3088396149--N-Brookline-Av…

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John Phillips, , Oklahoma City, OK
Wed Jun 27, 2012
Good Evening, This home has not been released for sale at this time, Whenit does come up most likely it will not pass for FHA or VA financing because the lenders usually will not do any repairs, as for a warranty, one is available starting at $395.00 a year.
Most condo hoa run in the $100.00 a month range some as much as $175.00 but the ammenities are very good:

Thank you
John Phillips
0 votes
Carolyn Sims, Agent, Oklahoma City, OK
Wed Jun 27, 2012
It depends on which condo this is. Normandie is one of the condos on Brookline and if it is that one, it is not FHA approved. If you want to search my website at http://www.csimshomes.com, you can search for the property on MLS and be able to see the hoa dues. You can contact me at 405-808-7922 if you would like more help.
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UB Home Team, Agent, Norman, OK
Wed Jun 27, 2012
Typically these condo associations do have HOA's. Fees vary. If they are FHA/VA approved, you can obtain financing. If you Google FHA/VA approved condos or communities, locate this community as approved, then you are okay to purchase.

Next step is to verify this condo can obtain an FHA/VA loan. An experienced Realtor can help you with these potential lender requirements.

Final step before the offer is to verify the foreclosure bank will accept an FHA/VA offer. Again, an experienced Realtor can help.

Thank you for the question!
Web Reference:  http://www.ubhometeam.com
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