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High HOA Delinquiency

Looking for lenders that would will give mortgage on invetment property (townhome) with high HOA
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March 05 2012 - Baltimore
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Answers (4)

You might want to find a lender that will do a portfolio loan. (A lender that will keep the loan in house rather than sell the loan) Check with a small regional bank or community bank.
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March 06 2012
It's a problem for sure. Be sure you find out when you ask if the association renters to owners ratio is in line. You don't want to spend any money trying a buy an investment there only to find out they won't lend you the money because the renters to owners ratio is high. Also, they are getting strict on how many units can be rented for this very reason. Just be careful and ask questions.
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March 06 2012
user026987 / There are Portfolio Lenders where this will not be an issue / Rudi
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March 05 2012
try Mark Miller
Carrollton Mortgage Services
410-409-3221
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March 05 2012
 
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