Sunday, May 20, 2012

FHA may loosen condo restrictions -- this is huge

Check out this article from Sunday's L.A. Times.  FHA restrictions on condos may soon be reduced.  This should help buyers who have limited funds available for downpayments but still would like to buy a condo.  It should also help to limit short sales and foreclosures on many condos as it will expose those units to a broader group of buyers.

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