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.
Keller Wiiliams Realty Partners SW
Mobile: 954-702-6347 Office: 954-237-0400Send Email Website Agent Listings Driving Directories
" Love what you do, and never work a day in your life... Roseline began her career in the Banking and Mortgage industry while in college, where she graduated with an accounting degree. She discovered her passion for Real Estate while working in the M" ... view more
Keller Williams Real Estate
Mobile: 954-588-5500Send Email Website Agent Listings Driving Directories
"Buy or sell real estate property. The purchase or sale of a home or investment property is one of the most complex and significant financial events in peoples' lives. People typically seek the help of real estate brokers and sales agents when buying or selling re" ... view more
United Realty Group
Mobile: 954-605-8427Send Email Website Agent Listings Driving Directories
"1800 sales - 25 years experience plus strong negotiation skills gets you the very best deal everytime. At 20 years old, I proudly served my country as a navy fighter pilot and Naval Officer. I now serve my clients with the same dedicated commitment, honor, integrity, ethics and account" ... view more