Scottsdale Buyers Guide > Condo Financing

Things are changing quickly in the condo financing market, and our team continues to track  communities that have financing problems.  Condo lending restrictions from Fannie Mae and FHA will make some communities ineligible for any kind of financing.  Some of the problems we're finding - defaulting homeowners not paying their HOA fees, in-adequate reserves,  and over 50% of the units held by investors. 

The good news is that pricing in some of these communities is very good, and many times these problems will work themselves out, causing prices to rise.  Cash buyers have an open field in some of these communities, like the Venu and the Edge in Scottsdale, which currently have some of the best pricing for newer condos in Scottsdale.

 

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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2013-06-19