02/14/2024
Interesting in buying a property with HOA make sure you have a realtor and loan officer that understands the process and where condo financing can fail.
These type of properties will continue being a huge part or mortgage and real estate. They will also continue to require financing expertise because every HOA and development is different.
In the wake of the Surfside condo collapse, Freddie Mac and Fannie Mae instituted stricter rules regarding the soundness of this crucial form of housing stock as it ages. In response to complaints about a lack of clarity on buildings deemed unfit for financing, the GSE unveiled plans to improve…