Towson was ranked the eighth best city for "rich and single" individuals in CNNMoney's "Best Places to Live." In 2010, Towson was #14, so the city is moving up! These rankings have much to do with the fun events Towson has to offer, like the Feet on the Street Friday Night block parties, Winterfest, Towsontowne [...]
With the many changes in the mortgage industry, it is hard to keep up with what deadlines are coming up next. On December 7, 2010, the FHA condo recertification process must be completed by each individual condominium complex in order to be eligible for homebuyers to receive FHA financing in their building. There is an [...]
At the end of 2009, HUD changed its' condo approval process for FHA condo financing. No longer can a community be given a "spot" approval when a unit goes under contract if a buyer desires to use FHA financing. Condominium developments must be approved in advance of an FHA sale and the approval is only [...]
Towson was named CNNMoney.com's #14 Top Affluent Singles City! CNNMoney.com named the top 25 cities for highest income per single households, and Towson, MD was #14 in their list. This is due to the median family income of $102,302, and the 35.4% rate of singles versus married households. Many Towson professors at the nearby Towson [...]
Towson Condo Owners have a new issue to grapple with. First there was the change in the laws for condo insurance converage. Now we have the new FHA condo guidelines that may affect many people who want to buy or sell a Towson condo! HUD announced this change in July, and the new guidelines were to take place [...]
Beginning June 1, 2009, Maryland Law HB287, approved by the Governor May 19, went into effect. The bill discusses Real Property Condominiums -- Damage and Destruction. Here is a copy of the bill . What this means for the Towson condo owner is that before this bill, condominium associations, for the most part, were responsible for [...]