Talk of The Villages Florida - View Single Post - Run Down Reverse Mortgage Houses
Thread: Run Down Reverse Mortgage Houses
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Old 06-08-2013, 09:01 PM
ilovetv ilovetv is offline
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Quote:
Originally Posted by schmitty View Post
Dr. Winston - I too live in Silver Lake and I'm getting really tired of all the bashing of the 'historic' side of the Villages. I'm currently in my second house in the Villages and both were on the 'historic' side. Actually, at this point I wouldn't even consider moving because all my neighbors and friends are wonderful. Yes, it's too bad that this situation is happening on some homes in our area, but that shouldn't influence people to not even consider buying here.
Reality is that most buyers have to meet these key criteria:

- Will the mortgage lenders lend on this type of property?

- Can the buyer get the financing needed considering the appraised value?

- Can they get insurance that satisfies the mortgage lenders/underwriters' requirements for lending the needed amount?

See:
http://www.naplesnews.com/news/2013/...ens-insurance/