Navigating Condo Escrows
Condos are different, especially when financing is involved. This class will cover the major sticking points that agents will need to overcome when trying to successfully close escrow within in a condominium complex. When the class is completed, agents will feel equipped to handle the challenges and intricacies of closing escrow on a condo unit.
Class topics will include but not limited to:
Class topics will include but not limited to:
- What defines a condo vs. a PUD, co-op, or other
- Defining non-warrantable condos
- Special loan products and guidelines agents should know for condos
- FHA & VA condo approvals
- Termite inspections – who is responsible of what and why
- Timing and contingencies
Check back for future sessions.