Blog Category: surfside fl condo disaster

building disaster

New Condo Mortgage Guidelines After The Florida Condo Disaster

There are new 2022 condo mortgage guidelines. There have been several announcements regarding condominium deferred maintenance recently by Fannie Mae and Freddie Mac. We also have to pay attention to guideline changes announced by the various banks that we sell loans to.

Ever since the horrific disaster in Surfside Florida on June 24th 2021 the government agencies and the banks we sell mortgages to have started to incorporate questions related to condominium maintenance into the condo questionnaire. When the building collapsed due to deferred maintenance, it cost people lives and changed condo mortgage guidelines! Read More