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Assuming all your other qualifications are strong, the key will be to determine is your condo is warrantable. If it is, you should have options to cash out. Many condos is that price range are non-warrantable, so if that is the case it becomes much tougher to find financing.The primary items to determine warrantability includeWhat % of the units are owned by investors?What % of the units are delinquent on HOA dues?Does any entity own more than 10% of the units?Does the HOA budget allocate 10% for reserves?Is the insurance coverage sufficient?Is there any pending litigation?
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For Sale: $159,900
For Sale: $176,250
For Sale: $249,000