Lonnie Glessner's (lonnieglessner) Blog

This week totally unannounced FHA made some nightmarish changes to their approved condo list. For decades FHA has approved condo complexes around the country and FHA kept a list of all their approved condo projects on-line. FHA announced some major changes last fall; then, after great outcry they...

Here are 4 points or comments from the Fed after their meeting on Wednesday- •·         They are slightly more optimistic about the economy as job losses continue to slow. •·         Inflation remains subdued. •·         Their MBS purchase program will END on March 31st. •·         The Fed Funds ...

Getting condos approved in 2010 is not an easy task. So, I finally created a checklist of the most important items that can kill condo financing on existing condos with FHA. Now, please know that condo-tels or condos with short-term rentals are not allowed either and condos in a mixed use buildin...

The number one reason to buy a home right now may surprise you. The number one reason to buy a home now is NOT that the first time home buyer tax credit or the repeat home buyer tax credit is ending this spring. However, both of those are good reasons to buy a home right away. The number one reas...