Added: Feb 8, 2012
Author: tonytrojan97
Duration: 4:22
Thank you everyone for your well wishes last week! I'm feeling much better this week and so is the family. It's a sorry state when the only healthy member of your family is your dog. Greece is in the headlines again. I've included a few links regarding some of the topics they're discussing, either a bailout, letting them default, or removing them from the European Union. In any scenario, it looks as if there really isn't a resolution and our stock market is bearing the news accordingly with it's fluctuations. My position this week for rates will be to 'Lock'. What are the 4 questions to ask in terms of obtaining financing for a condominium unit? These are the questions I ask of a HOA management prior to any of my clients or Realtors showing a unit since the wrong answer to any of these will make it difficult to obtain financing or in most cases, remove it from receiving any financing at all. The 4 questions are taken from a Condominium Questionnaire/Certification that is comprised of 51 total questions. However, these 4 are the ones usually either 'make or break' a deal: Is the HOA management under litigation? What is the percentage of HOA dues that are delinquent? What is the percentage of owner-occupied ownership in the complex? What is the percentage of ownership owned by one owner? Answers are given at 2:08 in the video. Thank you again for you well wishes and stay positive (and healthy)! Quote of the week: We never the know the worth of water til the well is dry -- English Proverb A condo questionnaire/certification http://attachment.benchmarkemail.com/c127442/GEM_HOA_Cert.pdf Greece has a 98% chance of default http://www.bloomberg.com/news/2011-09-12/greece-s-risk-of-default-increases-to-98-as-european-debt-crisis-deepens.html Dutch poll regarding the removal of Greece from the EU http://www.bloomberg.com/news/2011-08-14/netherlands-majority-prefer-removing-greece-from-the-euro-zone-poll-shows.html Tony Moon tmoon@gemcorp.com
Channel: News
Views: 41