Puerto Rico Laws Block Condos From FHA Loans

Rogers told Caribbean Business, however, that condos in Puerto Rico may not be able to benefit from the easing of FHA condo financing programs because local laws have become a roadblock preventing HUD from granting the certifications.  To become certified, right now, condominium boards must submit information regarding financial reserves, insurance, budgets and numbers of renters, and a long list of other documents as well as comply with other requirements.    Read the article……………


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