Fannie Mae, Freddie Mac won’t buy condo, co-op mortgages in community Associations in need of critical repair

Just before the Christmas holiday season, both Fannie Mae and Freddie Mac issued new “temporary guidance” for sellers of units in condominium and cooperative housing projects in the U.S.

On behalf of any buyer that’s planning to make a mortgage purchase of a unit, all condominium and cooperative HOAs must now disclose major deficiencies in the community, as well as any current or pending special assessments intended to pay for major repair and reconstruction. That guidance could be a game changer in the market for condos and co-ops.

Readers ask: How can I fight to Change my HOA?

Today’s post features answer to a common homeowner question:  Homeowner asks: how can I fight my HOA to stand up for my rights?

Gavel and legal books lawsuit court

HOA legislation update 2020 (part 2)

A summary of notable legislative updates for owners of property in HOA-governed communities. This is Part 2 of HOA, condo, and co-op legislative updates for 2020.

Happy Holidays from IAC

During holiday week, check out the IAC year-end review of important HOA issues in 2019. Thanks for reading!

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