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Older Condo Woes Make it Harder to Buy/Sell Units (FL)

/ Owner - November 16, 2023

After Rich Engels’ mother died earlier this year, Engels decided to sell her condo unit in Sunrise Lakes Phase 4. He lined up a buyer, but he said the deal fell apart after the lender learned that the condo building had no wind insurance.  Lenders won’t approve mortgage loans on buildings that are not insured with full replacement coverage.     Read the article…………………………….

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