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FHA Eases Condo Requirements, to Help Boost Sales!

“FHA Eases Condo Requirements, to Help Boost Sales!”
 
What welcome news! Over the last few years there have been many restrictions that have prohibited condo sales for so many. It’s about time these decisions were made and many more should be added.  
 
All these restrictions have hurt the value of condominiums in this country. Many of these restrictions have supposedly been put on for the best interest of the consumer. The problem, I have no clue as to what they are trying to protect the consumer from.
 
Many condo owners have wanted to sell their unit and couldn’t, many prospective homeowners wanted to buy these units and couldn’t get financing. Again, how does this help or is in the best interest of the consumer?
 
Unfortunately, over restrictions have hurt real estate sales and values in the name of protecting the consumer.
 
 
 
FHA Easing Condo Lending Requirements To Help Boost Condo Sales
 
September 14, 2012 George Gombossy
 
 
 
”The Federal Housing Administration is temporarily easing its lending requirements for condominiums, in a bid to help the battered housing market,” The Chicago Tribune is reporting.
 
“It was determined that ... more

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