It’s not very often that condominium and coop properties make mortgage industry headlines — but there is a very good reason why they are. In January 2022, Fannie Mae rolled out new temporary ...
The homeowner insurance woes facing many Americans are having a unique impact on condominium owners, too. Aging condos and deferred maintenance are sending condo insurance premiums soaring through the ...
In 2021, the collapse of the Champlain Towers South condominium in Surfside, Florida, shocked the world. Initially framed as an engineering failure, the tragedy exposed a deeper issue: decades of ...
Six months after the shocking collapse of a 12-story condominium building in Surfside, Fla., mortgage lenders are being required to look far more closely at the maintenance history of condos that are ...
My first property was a condo. As a first-time homebuyer in the 805, it was what was within reach. It offered us more space than our rental and a quick walk to the beach, and we scrapped financially ...
Deferred maintenance and deferred repair work in the Champlain Towers South building are well documented. Now, disclosures will have to be made. A major national condo reform is taking place in the ...
From chattering boilers to flickering lights, many commercial buildings are operating with a handful of deferred maintenance projects. Now, with office buildings standing largely empty and multifamily ...