Existing FHA Condo Rules Extended

Existing FHA Condo Rules Extended
HUD has extended for one year its policies for approving FHA condominium financing. The policies don’t reflect the NAR-backed legislative changes enacted into law last month in H.R. 3700, the “Housing Opportunities Through Modernization Act.” HUD says it is working to incorporate those changes into the policies. Watch a video about the new law.

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