Condo Approvals

I  have written about this before, but it continues to rear its ugly head.  Many Condominium associations have let their FHA and/or Fannie Mae approvals expire.  Basically if both happen there is an extremely good possibility that a unit owner may not be able to sell or refinance with favorable financing and be relegated to non-conforming interest rates.  They apparently do not realize that this can and probably will hurt their property values and limit their options down the road.

Yes it takes some time and effort, but for optimum real estate management, it badly needs to be taken care of.  Probably most of the boards of directors do whatever their management company's recommend, so the management companies need to get on board too.