From Freddie Mac’s new guidance:
“Identification of Condo or Cooperative Hotels
Fannie Mae frequently receives questions on how to identify a condo or cooperative hotel. The lender must perform a careful analysis of the project to determine the project’s eligibility. Lenders have several sources of information on which to rely. These include, but are not limited to, […]
Category Archives: Condo Hotels
Freddie: How can you tell a Condo Hotel?
May 18, 2010 – 11:45 am
The Extend & Pretend Conference: IMN Distressed Real Estate
February 27, 2010 – 3:16 pm
No it isn’t some conference of sex coaching, it was a group of bankers (including Fannie Mae) and real estate investors who gathered this week in Miami for the IMN Distressed Real Estate Conference, and frankly, it was a little depressing.
The debate seemed to revolve around lender’s decisions to ‘extend loans and pretend that the […]
HOA before EGO
February 14, 2010 – 5:15 pm
I spent the weekend in N. Michigan at our condo hotel, in between skiing, I caught up on a flurry of nasty-gram letters between the hotel management company and the new HOA board President, and assorted angry, emotionally charged condo consumer owners.
I’m reminded of the saying: “in tough times you should pull together instead of […]
Go Green & Save $
February 8, 2010 – 7:01 pm
Too many ‘eco-freindly’ business ideas require tax incentives to justify the expense. America will struggle to meet the upcoming carbon rules without fundamental changes in our country’s energy infrastructure. One way is as easy as changing a light bulb.
Go green, and save 80% a year on your lighting costs. Vacation Finance is working […]
New Mortgage Modification Rules offer only HOPE…
November 30, 2009 – 6:58 pm
Impotence… Bulls, Banks, Beggars seek Loan Modifications.
HOPE, an inactive verb. HOPE is some you need in an absence of ACTION and RESULTS.
Tonight there are thousands of call center employees fielding phone calls from home owners. The home owners are begging for loan modifications, fully expecting that the new Obama Modification Regulations will save them money, […]
