Sunday, January 23, 2011

No More New Condo Developments

 No More New Condo Developments?Back in June of this year, HUD issued new rules about FHA financing on condominium projects. These new rules were to apply to new condo developments not assigned an FHA case number by October 1, 2009.  That date has since been pushed back to November 2, 2009.When a home builder develops a condominium project, they submit an application to HUD. Assuming that the


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