Archive for October, 2009

What Stricter Financing Guidelines for San Mateo Condos Means to You

By Raymond Stoklosa · October 31st, 2009

Yesterday, we published a post, New San Mateo Condo Financing Guidelines Effective December 2009. Today we promised to tell you how these guidelines affect San Mateo County buyers, sellers, lenders and REALTORS® so here it goes. HUD’s New Condo Financing Guidelines Affect on San Mateo Sellers If your San Mateo condominium complex is not approved [...]

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Video – HUD’s New Condo Financing Rules Will Make Buying Uncertain

By Rebecca Williamson · October 30th, 2009

The Department of Housing and Urban Development (HUD) announced effective December 7, 2009 all condominium complexes must be approved directly by HUD to be eligible for Fannie Mae or FHA financing. What Does this Mean to San Mateo Buyers and Sellers? Buyers and sellers are going to have to be patient and allow realistic time [...]

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New San Mateo Condo Financing Guidelines

By Raymond Stoklosa · October 30th, 2009

San Mateo County condo buyers and sellers may be in for shock and disappointment as new, stricter underwriting rules announced by The Department of Housing and Urban Development (HUD) scheduled take effect on December 7th, 2009 (now pushed to February 2010) for all condominiums and planned unit developments (PUD). The new underwriting rules, which apply [...]

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Video: 5 Things to Know About Trustee Sales Before You Bid

By Rebecca Williamson · October 30th, 2009

A Trustee’s Sale is a public, open auction of the Trust Deed, or the loan, being foreclosed upon. Buying a home at a Trustee’s Sale is the most dangerous and potentially the most profitable way to buy San Mateo County real estate. 5 Things You Need to Know About Trustee’s Sales Before You Bid Here [...]

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Firehouse Square Development: Belmont’s New Live-Work Community

By Raymond Stoklosa · October 29th, 2009

Live-Work Space Coming to Belmont, CA Belmont, California’s Redevelopment Agency is making a major commitment to stimulate economic development in its downtown and surrounding area. The Firehouse Square proposal will go a long way toward accommodating the public’s demand for a “consumer friendly” business core in Belmont, CA’s under utilized Village Center. A New Type [...]

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