San Diego Condos, Homes and Real Estate News http://www.sandiegodowntown.com/RSSCOMMENTS en-US http://backend.userland.com/rss 60 In response to: Take the Mystery Out of Buying Real Estate In Downtown San Diego Mary Lou Rodgers [Visitor] c74098@/ <p>Gregg!&#160; Great job on the article.&#160; I miss downtown living.&#160; Any buyer out there considering a move would do well to call you or Debbie!</p> Gregg!  Great job on the article.  I miss downtown living.  Any buyer out there considering a move would do well to call you or Debbie!

]]> http://www.sandiegodowntown.com/take-the-mystery-out-of-buying-real-estate-in-downtown-san-diego#c74098 In response to: Cozy Fahrenheit Downtown San Diego Condos Sold For $261,000 Scott [Visitor] c72560@/ <p>This is a cool little development and sold for a great price with the size and upgrades for the devlopment.&#160; congrats!</p> This is a cool little development and sold for a great price with the size and upgrades for the devlopment.  congrats!

]]> http://www.sandiegodowntown.com/cozy-fahrenheit-downtown-san-diego-condos-sold-for-261-000#c72560 In response to: Cozy Fahrenheit Downtown San Diego Condos Sold For $261,000 Scott [Visitor] c72559@/ <p>This condo was well priced and had great upgrades too.&#160; It's a cool/quaint development and surprised it sold at that low price.&#160; Congrats!</p> This condo was well priced and had great upgrades too.  It's a cool/quaint development and surprised it sold at that low price.  Congrats!

]]> http://www.sandiegodowntown.com/cozy-fahrenheit-downtown-san-diego-condos-sold-for-261-000#c72559 In response to: Downtown San Diego Park Loft Condo Sold for $385,000! Alan [Visitor] c72260@/ <p>Very lovely loft. These downtown condos are selling for less and less every day! Someone is lucky to call the ballpark neighborhood their home. Thanks for sharing! </p> Very lovely loft. These downtown condos are selling for less and less every day! Someone is lucky to call the ballpark neighborhood their home. Thanks for sharing!

]]> http://www.sandiegodowntown.com/downtown-san-diego-park-loft-condo-sold-for-385-000#c72260 In response to: Downtown San Diego Real Estate Investment - Is it really a good time to purchase a Downtown San Diego Condo Ditech Home Loans [Visitor] c70544@/ <p>In addition to standard condo lending guidelines, FHA also has a spot loan provision for non-approved condo projects.<br /><br />Here are some guidelines:<br /><br />&#8226;&#160;&#160;&#160; The homeowners association cannot have a right of first refusal restriction on sales.<br />&#160;<br />&#8226;&#160;&#160;&#160; Condominiums must provide undivided ownership of common areas by unit owners.<br />&#160;<br />&#8226;&#160;&#160;&#160; The condominium project cannot be subject to additional phasing or annexation.<br />&#160;<br />&#8226;&#160;&#160;&#160; No special assessments or legal action can be pending against the association.<br />&#160;<br />&#8226;&#160;&#160;&#160; Common areas must be under the condo associations control for at least one year.<br />&#160;<br />&#8226;&#160;&#160;&#160; At least 90 percent of the total units in the condo project have to be sold.<br />&#160;<br />&#8226;&#160;&#160;&#160; At least 51 percent of the total units in the project must be owner-occupied.&#160; <br /><br />&#8226;&#160;&#160;&#160; No adverse environmental factors affecting the project or units are allowed.<br />&#160;<br />&#8226;&#160;&#160;&#160; No single entity can own more than 10 percent of the total units in the condo project.&#160; <br /><br />&#8226;&#160;&#160;&#160; The units must be owned in fee simple or held under a lease hold acceptable to FHA.<br /><br />&#8226;&#160;&#160;&#160; For projects over 30 units, no more than 10 percent of the units can have FHA loans, and for projects of 30 units or less, no more than 20 percent of the units can have FHA loans.</p> In addition to standard condo lending guidelines, FHA also has a spot loan provision for non-approved condo projects.

Here are some guidelines:

•    The homeowners association cannot have a right of first refusal restriction on sales.
 
•    Condominiums must provide undivided ownership of common areas by unit owners.
 
•    The condominium project cannot be subject to additional phasing or annexation.
 
•    No special assessments or legal action can be pending against the association.
 
•    Common areas must be under the condo associations control for at least one year.
 
•    At least 90 percent of the total units in the condo project have to be sold.
 
•    At least 51 percent of the total units in the project must be owner-occupied. 

•    No adverse environmental factors affecting the project or units are allowed.
 
•    No single entity can own more than 10 percent of the total units in the condo project. 

•    The units must be owned in fee simple or held under a lease hold acceptable to FHA.

•    For projects over 30 units, no more than 10 percent of the units can have FHA loans, and for projects of 30 units or less, no more than 20 percent of the units can have FHA loans.

]]> http://www.sandiegodowntown.com/san-diego-condo-investment#c70544 In response to: Find A Decorator: San diego James Niebling [Visitor] c61754@/ <p>the web site link for Esteban Interiors is incorrect in this article.&#160; The correct web site address for Esteban Interiors is </p><br /> <p><a href="http://www.estebaninteriors.com" rel="nofollow">www.estebaninteriors.com</a></p> the web site link for Esteban Interiors is incorrect in this article.  The correct web site address for Esteban Interiors is


www.estebaninteriors.com

]]> http://www.sandiegodowntown.com/find-a-decorator-san-diego#c61754 In response to: Find A Gym In San Diego Four Seasons Yoga [Visitor] c53767@/ <p>Are you looking for a beautiful, friendly and warm yoga studio in the La Jolla, UTC area that offers Ashtanga, Ashtanga Improv and gentle yoga classes for all levels? Four Seasons studio offers special workshops and events. We also offer private yoga instruction if that is something you would like to do. Come check out the Four Seasons Yoga studio!! It is located right off La Jolla Village Drive on Regents Road in the big Vons shopping center. Yoga does the Mind &amp; Body good!</p> Are you looking for a beautiful, friendly and warm yoga studio in the La Jolla, UTC area that offers Ashtanga, Ashtanga Improv and gentle yoga classes for all levels? Four Seasons studio offers special workshops and events. We also offer private yoga instruction if that is something you would like to do. Come check out the Four Seasons Yoga studio!! It is located right off La Jolla Village Drive on Regents Road in the big Vons shopping center. Yoga does the Mind & Body good!

]]> http://www.sandiegodowntown.com/find-a-gym-in-san-diego#c53767 In response to: Buying Real Estate As Is: Downtown San Diego Condos Rex Edhlund [Visitor] c14129@/ <p>You make many valid points and people should realize that the "art" of a deal is compromise.&#160; How many times have you seen things get super tense because one or the other was just getting too persnickety.&#160; People almost always compromise.&#160; As-Is doesn't mean "I'm stickin' it to ya."&#160; It most often means "very busy".</p><br /> <p>&#160;</p><br /> <p>&#160;</p> You make many valid points and people should realize that the "art" of a deal is compromise.  How many times have you seen things get super tense because one or the other was just getting too persnickety.  People almost always compromise.  As-Is doesn't mean "I'm stickin' it to ya."  It most often means "very busy".


 


 

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