A condominium project with features that lenders view as favorable in terms of their risk exposure on loans secured by individual condo units. The requirements of warrantability include such features as the following: the project (including all common areas) is fully completed and the common areas are insured, the Homeowners Association has been controlled by unit owners (as opposed to the developer) for some period, most units are owner-occupied, and no one person owns more than 10% of the units. Loans on units in warrantable condos receive better terms than loans on units in non-warrantable condos.
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Every person working in real estate or planning to buy or sell real estate can benefit by using our free real estate dictionary. This dictionary of real estate terms is the most extensive in the industry and is used by many *real estate agents, real estate brokers, mortgage brokers, Realtors *and instructors in major real estate schools across the country and the world.
First Colonial Realty
Mobile: 1-954-445-0220Send Email Website Agent Listings Driving Directories
"My Commitment to You In the least amount of time possible, I will get you the best price on a home that is perfectly suited to your needs and lifestyle, not just today, but for years to come. The Best Service, The Best Results Choosing a real estate" ... view more
Coral Shores Realty
Office: 1-954-668-9056Send Email Website Agent Listings Driving Directories
" "Susie Sells by the Seashore" I specialize in vacation condos & single family homes in the Southeast Florida beach and downtown areas of Hollywood, Hallandale Beach, Fort Lauderdale Beaches and Sunny Isles Beach. I also specialize in relocation, for many of my vacatio" ... view more