GibsonIntl Quick Tip: Buying a Condo/Home in a Planned Development

When buying a condo or any home in a planned development where there is a homeowners association, you should check to see what the delinquency rate is by the individual homeowners on paying their monthly dues as banks are now checking this and wont make a loan in that development if the rate is too high (According to KNX News Radio 3-7-10).