what does condo mean

Condo Conversations: The mortgagee letter and selling your owner-occupied unit – So what does this mean for the condo owner who needs to sell their owner-occupied unit? It is important to realize the distinction between the unit owner and condo association. Obtaining the FHA.

Warrantable Condo financial definition of Warrantable Condo – Now Fannie and Freddie are saying, ‘If we find out that it does not conform, as far as being a warrantable condo, you now have to buy back the loan; we will not provide the funding for it. Steamboat Springs still has plenty of snow but could use another head of steam: after real estate sales topped $1 billion in 2007, the resort town weathered.

Condominium – Wikipedia – A condominium, often shortened to condo, in the United States of America and in most Canadian provinces, is a type of living space similar to an apartment but independently sellable and therefore regarded as real estate. The condominium building structure is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. Similar concepts in other English-speaking countries include strata title in Australia, Malaysia, New Zealand, and the Canadian pro

Buying a Condo: What Property Will You Actually Own? | Nolo – Buying a Condo: What Property Will You Actually Own?. Just what the above terms mean depends on the details in the documents governing the condominium project, namely, the condominium map (sometimes called a condominium plan) and the Covenants, Conditions, Restrictions and Easements (CC&R’s.

Condo – definition of condo by The Free Dictionary – condo – one of the dwelling units in a condominium. condominium. condominium – housing consisting of a complex of dwelling units (as an apartment house) in which each unit is individually owned.

What does condominium mean? definition, meaning and audio. – CONDOMINIUM (noun) The noun CONDOMINIUM has 2 senses: 1. one of the dwelling units in a condominium. 2. housing consisting of a complex of dwelling units (as an apartment house) in which each unit is individually owned. Familiarity information: CONDOMINIUM used as a noun is rare.

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What Do All Those Real Estate Listing Terms Really Mean. – Expired. The property listing with the agent has expired and is no longer active, usually because it didn’t sell, says Matthews. That could mean the seller is still open to accepting an offer, so it’s worth touching base if your curiosity is piqued.

New Md. law says condo associations can require that unit owners have insurance – What does this mean for maryland condominium unit owners? Simply stated, every unit owner should have their own homeowner’s insurance policy, known as a “HO-6.” A Maryland law going into effect Oct. 1.

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