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Financing

FHA Loans – Good or Bad?

Loan AppIn the 1930s, the nation’s financial and housing situation resembled that of which we have experienced lately. Inflated costs of homes suddenly burst into a bevy of foreclosures and defaults, sending the country spiraling into an economic crisis. Sound familiar?

 

FHA to bring back 'spot approvals' for condos

Good news for condo buyers. FHA (Federal Housing Administration) is looking to bring back spot approvals for condo buildings. What does this mean for buyers?