NAR analysts discussed the new Federal Housing Administration condo financing rules in this recording of a live webcast that took place on Oct. 28, 2016.
The rules follow the passage in July of a law designed to ease restrictions that have made it difficult for many creditworthy buyers to obtain FHA mortgages for condos, a common entry point to home ownership in the United States.
Home buyers achieve a big victory with passage of reforms to FHA condo loan rules. Thanks to more than 150,000 letters from REALTORS®, easier condo financing is heading to President Obama’s desk for his signature. Other segments in the latest “Voice for Real Estate” video look at the progress being made to curb so-called drive-by lawsuits that target building owners who might need to make technical changes to their property to comply with the Americans with Disabilities Act. The video also looks at what you need to know if a home you’re selling has surveillance cameras on it.