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Condominium Archives

Lender Relief for Condominium Projects

Lender Relief for condominium projects comes from the House of Representatives. The House passed 427 to 0 a bill entitled "House Opportunity through Modernization".  Under the bill, the rules and regulations of the FHA are being relaxed.  Approximately, ten years ago the FHA severly tightened its regulations related to financing condominium units.  The tightening of the rules and regulations resulted in only about ten percent (10%) of the projects in the United States qualifying for financing underwritten by FHA.  The lack of FHA financing has negatively impacted sales and increase the percentage of condominium unit rentals, both of which in turn negatively affect the value.  

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The Loftin Firm, P.C.

The Loftin Firm, P.C.
5760 Fleet Street
Suite 110
Carlsbad, California 92008-4713

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Phone: 760-814-9649
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