In response to the tragedy at the Surfside condominium in Florida, Federal mortgagees are starting to update their questionnaires that are required to be completed in conjunction with the financing of a condominium unit sale. These changes include questions about the current status and condition of the property that are difficult to answer, along with significant document requests from lenders. The new forms can be overwhelming, and fraudsters have already caught wind and are looking to capitalize. Read the entire article……………………………….
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