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  1. J

    Loan rejected because HOA doesn't have adequate hazard insurance?

    We live in a condo complex, and our unit is in escrow. The lender just rejected the buyer's loan (a buyer who is "more than qualified" <em>in the lender's own words</em>) because they say our HOA doesn't carry enough hazard insurance. Has anyone else heard of this happening?
  2. J

    Stupid Disclosures

    We're currently in escrow on our house. Just got the disclosure forms. We have to disclose that we live in a condo. As if the <em>common walls</em> weren't a tip-off. This is why we're in this mess--regulation in place of common sense and critical thinking. EDIT: I should clarify...
  3. J

    Seller Financing

    We have our house on the market in Newport Coast. It's not a distressed sale. We're trying to sell because we want to move out of state. We bought in 2002, so even in this market, we're going to make a profit. Today I heard of a potential offer, but they wanted to know if we'd be open to...
  4. J

    San Clemente--How Much Kool-Aid?

    This property is on the same street as my in-laws: http://www.redfin.com/CA/San-Clemente/553-Avenida-Buenos-Aires-92672/home/499533 It's been on Redfin for 77 days, but I know it's been on the market for longer than that. They're asking $1,799,999 for it. The listing indicates that...
  5. J

    Being Punished for Doing Everything Right

    We live in a townhome in Newport Coast. We bought in 2002, and at the time we put 10% down and insisted on a 30-year fixed-rate loan. In 2005, we refinanced and took out a very small amount of equity to pay some medical bills. Again, we insisted on a 30-year fixed-rate loan, and we actually...
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