Florida Condo Loans Could Get Easier
And that’s not me saying it; it’s Fannie Mae who is. I certainly hope they do because every time I even hear the word “condo” I cringe since they have made it so difficult to get financing.
I did however write about something very similar back in June based on the article here from The South Florida Business Journal http://southflorida.bizjournals.com/southflorida/stories/2009/06/15/story4.html
The reason I bring this up is because the article below from today in the Sun Sentinel states “A team of six employees is reviewing hundreds of established condo projects statewide that may not meet Fannie Mae’s standard eligibility criteria for financing because of occupancy problems or high delinquency rates in homeowner association dues.”
I guess if I continually have to state “I am not a pessimist …” then maybe I am just in denial. Or, is it just that I continue to read good news and a lot of it doesn’t happen? You can be the judge.