How Your Reserve Study Savings Can Affect Your Condo Loan (w/ Jill Jones) - The Building Doctor Show Ep. 04
Manage episode 379755350 series 3512845
This podcast is part of J2 Building Consultants’ free webinar: The Building Doctor Show. To watch the show and view the video recording, Register for the LIVE Zoom webinar.
Guest: Jill Jones, a lender specializing in financing solutions to Homeowners and Condo Associations, who also happens to be a long-standing Board member at her own condo.
- How much should we have in our reserves?
- I had an inspection. It passed all the tests. A month later I found rot in my walls.
- A lot of our community's owners wanted to sell as soon as they found out there would be construction repairs. Are they allowed to just up and leave?
- Can lenders or building consultants help us fill out the Fannie Mae condo questionnaires?
- My condo board sent a letter to all of the residents about the new Fannie document. Why are they asking me?
- The Fannie Mae form asks if we have a funding plan for deferred maintenance. Does that have to be a plan that's approved by the homeowners?
- Our inspector did find problems on our buildings, but is that going to prevent us from getting a loan?
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