Makefield Glen Yardley Pennsylvania

Lexington Elite Model in Desirable Makefield Glen, Yardley Pa. Pennsbury Schools. 3 Story townhouse with new oak flooring throughout living room/grate room and eat in kitchen. Built in nook with 3 chairs; new granite countertops; new tiled backsplash; new brushed nickel ss double sink and new brush nickel faucet. Finished 3 floor loft could be used as third bedroom or office. Full finished basement with extra storage. Close to all major highways, malls and shopping centers. Easy commute to Center City; Princeton, and New York. Call today for a showing. John and Sheri Curci Remax Properties, 215-757-2889 direct. Asking $279,900

157 POPLAR ST. Northern Liberties Open House

Open House Sunday May 2nd from 1 to 3 p.m. Three Story End Unit Townhouse at 4th and Poplar Streets in desirable Northern Liberties. 2 Car Attached Garage with additional 2 car driveway parking. Over 4000 square feet of living space spread out over three stories. Hardwood floors throughout home. Roof top sun porch. Finished basement. Gorgeous cook's kitchen with granite countertops; island; pantry; upgraded appliances such as stainless steel; and bosch stove/oven. Three huge bedrooms, and upgraded bathrooms. Main bedroom with walk in closet. Asking $699,999. Call John or Sheri Curci Remax Properties direct 215-757-2889

Now that April is Here! ... Watch out with the Condo Scene?

New FHA regulations change condo financing....

FHA recently implemented some new requirements for condominium financing and some Pennsylvania REALTORS® have noticed the difference. Darlene Shannon, a representative with the Federal Housing Administration (FHA), said spot loans were previously given in projects that did not have FHA project approval. “The spot loan approval process as defined in 1996 is gone as of February 1. The DELRAP (lender approvals) and HRAP (HUD approvals) have been streamlined to allow for uncomplicated condominium project approvals eliminating the need to approve units on a ‘spot loan’ basis,” she said. Condos have to meet eligibility requirements outlined in the Housing and Urban Development (HUD) Mortgagee Letter issued in November. Some of the new requirements include:

•Minimum of two or more units

•No more than 25 percent of the property’s total floor space can be used for commercial purposes

•No more than 15 percent of the total units can be more than 30 days past due in the association fees

•At least 50 percent of the total units must be sold prior to an endorsement of a mortgage

•Homeowners’ association budget must have adequate cash reserves.

Source: PARJustListed; 3/30/10


John and Sheri Curci RE/MAX Properties215-968-7400-x 8774 or DIRECT- 1-866-473-6290
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