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2022 May Add Up to Trouble for Condominiums (CO)

/ Owner - December 30, 2021

With the turning of the calendar from 2021 to 2022 new Fannie Mae lending guidelines become effective on January 1, 2022. One of the new lending guidelines includes a prohibition on the purchase of loans in communities with significant deferred maintenance or unsafe conditions. These new guidelines are a direct result of the Surfside tragedy in Florida, which put a spotlight on aging condominium and co-op communities.    Read the entire article……………………………….

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