I am here to ask for some help financing Naples condos. I just got off the phone with him and boy did we have a face scrunching conversation concerning the huge problem with Condo Associations that are in trouble in Florida. Whew! Each market in the United States is very different from the other. In Texas home values did not skyrocket due to the cash out and refinancing limitations posed on that state during the Boom Years. California, Arizona, Nevada, and Florida did not have that distinction and one can also say it was the opposite environment. Florida condo values were actually decimated after 2007 and til this day are still falling although not in a free fall.
So having said that...our friend in Florida has quite of few buyers for his condo's, but hardly any lenders that are able to get a deal closed due specifically due to the Condo Association problems. These problems have evolved into legal problems and of course income issues that hurt each community in their own unique way. Is there anyone out there that have come across any solutions or has any new news that might help out down there in paradise??
If you have any solutions or information that can help condo financing Naples condos in Florida, we have a Realtor with buyers, but can't get them financed, please reply to this blog!! Thanks!!