New HOA questionnaire could torpedo condo financing under Fannie, Freddie
New HOA questionnaire could torpedo condo financing under Fannie, Freddie
A nightmare scenario looms for condo buyers applying for certain types of federally-backed mortgages.
If you are selling or are looking to buy an attached condominium in a community with five or more attached units, conventional financing from mortgage giants Fannie Mae and Freddie Mac may soon become elusive.
Beginning Jan. 1 for Fannie and starting Feb. 28 for Freddie, the mortgage giants are…
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