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What was supposed to be a proactive response to the Champlain Tower South collapse is causing a stand-off among associations, appraisers and mortgage companies – and condo buyers are caught in the middle.
The FHA, Fannie Mae and Freddie Mac have issued new policies in financing condo sales that shifted the focus from financial stability to structural stability. If you’re planning to sell or purchase a condominium that will require financing, it’s going to be challenging.
In this episode of FDM Brews, our team shares an in-depth discussion about the new Condo Questionnaire and best practices to avoid delays and frustration.
– Brett Carter, The Southwest Florida 100