Sixty-nine Members of the House of Representatives wrote to the FHA last week, asking them to loosen restrictions on the sale of condominiums.?
Lead by Representatives Fitzpatrick (R-PA) and Cleaver (D-MO), the letter focused on four major concerns with the current condo rules:
- Treatment of delinquent dues
- Property certification requirements
- Owner-occupancy requirements
- Treatment of commercial space.?
The letter urges FHA to reform these requirements which place burdens on seller, buyers, and condominium? Read More
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