New HUD condo rules may benefit Alabama markets

Fallout from the housing crash of 2008 can still be felt throughout the housing market today.  One area in particular is the condominium market, where lending over the past eight years has become more strict for individual units.  Last week, the U.S. Department of Housing and Urban Development issued a statement that should loosen some of those tighter standards and perhaps provide FHA financing for some condominium purchases.    Read the article…………..

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