FLU,
Thanks for clarifying a post I wouldnt bother to read. For the benefit of the mentally stable readers out there, there are 3 tiers of pricing for most MM condos. This is a generalization and there will always be exceptions but its a solid generalization.
The lowest is the trashed REO condos that the investors flock to. No chance for an FHA buyer and 2/2 would sell between 150 and 180K ALL CASH. Then there are the short sales which sell more than the REO’s and in the 180 to 200 range. Slight chance for FHA but probably not as some investors are chasing these also. Lastly you have the nice, upgraded traditional sales between 200 and 240k. This is where an owner occupant could get in at full retail with a 3% closing cost credit on an FHA loan (many complexes are FHA approved in MM)which should take care of just about everything.
