Sometimes we just need a second chance and now John Adams Mortgage<\/a> has a loan product called the Fresh Start Loan \u00a0that can give that chance to those who may have fallen on hard times in the past.<\/p>\n \u00a0\t\t\n\t\t<\/p>\n No, we’re not back to the easy money days that caused the Great Recession, but John Adams Mortgage does recognize that many hard working and trustworthy people have been shut out of the housing<\/a> market by overly tough mortgage lending practices and rules; so they have created the Fresh Start Loan program to offer<\/a> new mortgage loans<\/a> to those who might have had a foreclosure<\/a>, a deed-in-lieu transaction, a bankruptcy or \u00a0short-sale in the immediate past, but who might otherwise qualify.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Note also that they have a new program for Investors and also have a program to deal with non-warrantable condos –\u00a0A non-warrantable condo is a condominium property in which the loan<\/a> is not eligible to be sold to Freddie Mac or Fannie Mae, and as such, mortgage financing<\/a> for this type of property is considered by most banks to be more \u201crisky.\u201d<\/p>\n \u00a0<\/p>\n From the\u00a0BAC Florida Bank\u00a0web site comes this explanation of non-warrantable condos – Freddie Mac and Fannie Mae would consider a condo to be \u201cnon-warrantable\u201d if, for instance, the condo:<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n
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\n<\/ul>\n \u00a0<\/p>\n Some of the common property types which fall into the non-warrantable category include condo-hotels, time shares, fractional ownership properties, and other projects which require owners to join an organization, such as a golf club.<\/p>\n \u00a0<\/p>\n So, if you need a fresh start or are trying into buy a condo in a complex that is non-warrantable, give Chris Knocke a call today and see if these programs might work for you.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n [ad_2]![](\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/eb99ad261a3f174816280e6aa98f9f53.jpg?resize=586%2C1072&ssl=1\")
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