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Re: JBBs secured by condos

Posted by Alfred CA on October 15, 2001 at 11:04 PM

Hi Ward,
Is there anything different about doing JBB's with condos? Besides SFRs, the CMDC book also has comps on condos. So far I've been ignoring them, as well as apartments, but I wonder if I am missing possible deals here. I know condos have a maintenance fee in addition to the mortgage payments, and I know they have CC&R's which might inhibit my activity if the property came back to me. Are these important points to consider? Any specific things I need to know or watch out for with condos? Thanks in advance.


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