Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Sunday, May 20, 2012
FHA may loosen condo restrictions -- this is huge
Check out this article from Sunday's L.A. Times. FHA restrictions on condos may soon be reduced. This should help buyers who have limited funds available for downpayments but still would like to buy a condo. It should also help to limit short sales and foreclosures on many condos as it will expose those units to a broader group of buyers.
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