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Dangers of Supplementing Condominium Resale Certificates
January 19 @ 11:30 am - 12:30 pm
A recent bulletin from Fannie Mae and Freddie Mac may have potential long-term ramifications for condominium associations. In the aftermath of the Champlain Towers South collapse, mortgage underwriters are now requiring information about deferred maintenance and necessary critical repairs from the association. This will not just affect high-rise condominiums, mid-rise condominiums, but also garden style condominiums.
Join Shareholders Marc Markel and Clint Brown as they detail the questionnaires requested by Fannie Mae and Freddie Mac, the definitions they use to determine their lending criteria, how condominium boards and managers should respond to requests for information and more.
January 19, 2022
11:30 a.m. – 12:30 p.m.