FHA and the GSEs have different rules for the sale of a condominium versus a stand-alone single-household dwelling. Real property is property made up of land and the buildings on it, in addition to the pure assets of the land, including uncultivated flora and fauna, farmed crops and livestock, water and mineral deposits. I believe it’s safe to conclude that the demand for mortgage loans is once once more on the rise after many years of weakness, and the financial markets have accommodated that demand by lending more.
The main points of the operation and use of the property, after … Read More...