[quote=HLS][quote=sdrealtor] The problem is that when they require cash for an extended period of time owner occupancy drops making the day they can be financed that mcuh further away.[/quote]

% of occupancy usually only matters when buying a condo AS A RENTAL PROPERTY.
It is not a concern as a primary residence.

There are many other reasons why the complex wont qualify for a primary loan, but occupancy shouldn’t be one.
They WANT primary owners to buy condo’s.

**Many complexes are ticking time bombs.[/quote]

Sheldon
Please explain this further as I have seen and heard of numerous loans getting denied because the owner occupancy was too low. Perhaps it is only some but not all loan programs. I would really appreciate an education here.