Are the HOA and Condo associations in your area back on their feet?

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Ed Macias, Miami FL-REO Property Management Multifamily (Real Estate Teammates)

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Rainmaker
1,157,791

FN LN

Toronto, ON

For some condo buildings where high ratio mortgage insurance is required, the insurance companies do not provide insurance because the building does not meet their risk criteria.

Jul 27, 2015 10:21 PM

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Rainmaker
5,583,328

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

yes, the dust has settled in my area....it's been stable for a couple of years now....

Jul 27, 2015 09:40 PM

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Rainmaker
4,319,873

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Ed Macias -there are always a few who has these challenges - good times or bad times!

Jul 27, 2015 02:02 PM

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Rainmaker
3,986,308

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

Yes, and we never in much trouble

Jul 27, 2015 01:53 PM

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Rainmaker
3,988,013

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Most that I know are very stable adn doing well. I am meeting with my HOA PM tomorrow to make a plan to do some exterior improvements on the condo buildings. It's time to invest and there should be plenty of money.

Jul 27, 2015 11:43 AM

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Ambassador
3,168,134

Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

they were never off their feet here. Even if the building had a foreclosure the bank paid the HOA fees.

Jul 27, 2015 11:23 AM

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Rainer
420,003

Caroline Gerardo

Licensed in 20 states - Newport Beach, CA

C. G. Barbeau the Loan Lady nmls 324982

Few - not as bad as Florida but many do not have Fidelity insurance or have under-insured for even fire. Units built last 10 years seeing the three law firms here that hit them up for class action construction... (only the attornies benefit from these) Low owner occupancy seems it will remain as investors buy condos to rent rather than first time buyers. In coastal California price points are so high it's difficult for w-2 earners to get in. And in Florida? @ Ed Macias

Jul 27, 2015 07:52 AM

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For some condo buildings where high ratio mortgage insurance is required, the insurance companies do not provide insurance because the building does not meet their risk criteria.
yes, the dust has settled in my area....it's been stable for a couple of years now....
Ed Macias -there are always a few who has these challenges - good times or bad times!
Most that I know are very stable adn doing well. I am meeting with my HOA PM tomorrow to make a plan to do some exterior improvements on the condo buildings. It's time to invest and there should be plenty of money.
they were never off their feet here. Even if the building had a foreclosure the bank paid the HOA fees.
Few - not as bad as Florida but many do not have Fidelity insurance or have under-insured for even fire. Units built last 10 years seeing the three law firms here that hit them up for class action construction... (only the attornies benefit from these) Low owner occupancy seems it will remain as investors buy condos to rent rather than first time buyers. In coastal California price points are so high it's difficult for w-2 earners to get in. And in Florida? @ Ed Macias