|FHA/etc approvals, more clarification||<– Date –> <– Thread –>|
|From: Judy (BAXTERepivax.epi.umn.edu)|
|Date: Mon, 13 Jun 94 12:47 CDT|
Thanks, David, Chris, and Rob for your comments. I will pass this all on to the appropriate more-involved-in-the-search members. David wrote: <3) Rather than a "consultant," try talking to a few mortgage brokers about loan packages. It does appeal to these people to essentially do the paperwork once, and then get paid for it 10, or 20 times. Let them wade into the quagmire for you.> Well, actually we started with one. He was very ready to deal with mortgages for the townhouses, and didn't see need for FHA/etc, but then started to appreciate that we were planning (at that time -now not so sure) to keep the existing building as a coop, and have a master association linking the townhouse assoc. and the coop (i'm not sure how the common spaces and facilities would be owned). anyway, the morgage broker started saying whoa!! , not so sure! We are currently looking also at the possibility of converting ____ the coop to condos. Are we having fun yet? Judy Judy Baxter, Monterey Cohousing Community, (MoCoCo) Twin Cities Area, Minneapolis/St.Paul Minnesota e-mail: baxter [at] epivax.epi.umn.edu
- (no other messages in thread)
Results generated by Tiger Technologies Web hosting using MHonArc.