HUD approval leads to bigger buyer market

07/21/2014 | Charlotte Observer (N.C.), The

Condominiums that have qualification from the Department of Housing and Urban Development have a much larger buyer market, because those units are eligible to be backed by an FHA loan, which make up 40% of the market. Not all properties qualify, writes Eric Boucher, but those who do must get on the "Approved" list and get recertified every two years.

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Charlotte Observer (N.C.), The

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