What is the difference between a condo association and a Homeowner's Association (HOA?) A Condominium Association (also known as a Condo Association,) is an association of owners usually in a building or multiple buildings divided up into separate homes. The owners of the condo units generally own their individual unit as well as shares in [...]
Timonium, Maryland in Northern Baltimore County is a popular place to live. Timonium has many homes from single family houses to townhomes, condos and apartment communities. I recently sold another Roundwood Ridge condo in Timonium. The fifth floor location overlooking the courtyard between the Roundwood Ridge buildings was ideal for this buyer. This Mays Chapel [...]
Timonium, Maryland in Northern Baltimore County is a lovely place to live! Timonium has many types of homes ranging from single family houses to many types of townhomes, condos and apartment communities. I recently sold a Roundwood Ridge condo in Timonium. The top floor location overlooking the lovely courtyard between the Roundwood Ridge buildings was [...]
FHA condo recertification should get easier, thanks to the passage of H.R.3700 - Housing Opportunity Through Modernization Act of 2016 on July 14. It also lowers the current owner-occupancy from 50% to 35%, which should hopefully make more Baltimore County condominium communities eligible for FHA financing. Right now, there are a number of Baltimore County condo [...]
FHA condo financing has gotten harder for many customers over the past few years. Luckily some changes announced in September could help. The National Association of REALTORS(R) broke down the changes: 1) Investors can buy up to half of project units. The maximum before was 10% investor-owned. 2) More commercial space is allowed in a [...]