Quote:
Originally Posted by Realtor 1
^^ exactly, red flags should be going up everywhere if the condo fees were low.
|
Ummm.... Didn't red flags just go up because the condo fees were so high?
Lots of forclosed units, no reserve fund, no management or condo board (to be determined).
Was the priced dropped to $133,000 or $125,000?
$133,000 purchase price
$26,650 down payment at 20%
$106,400 mortgage amount
Monthly payment 5 year fixed at
3.29% 
- $464.09
Monthly payment 5 year variable (prime - .50%) - $419.69