Question: Several years ago, I signed a contract to buy a new construction condo unit. I have made all the required deposits, and we are six months from closing. I found out I have to relocate for my job. What can I do? – Don Answer: Many things can happen between signing a contract for … Continue reading How Can I Get Out of a New Construction Condo Contract?
Question: Is our condominium association responsible for what is behind the walls? We have a pipe running from our air handler to the condenser that they say I am responsible for replacing due to a leak. It is a four-story building, and I’m on the ground floor, so it is a very long line. – … Continue reading Who Fixes the Pipe Behind a Condo Wall?
WASHINGTON – First-time homebuyers often opt for a condo, but rules for Federal Housing Administration (FHA) loans banned many units and complexes in Florida from participating. However, that changes on Tuesday, Oct. 15, when updated FHA rules go into effect. The new FHA condominium approval regulation – and a new Condominium Project Approval section of … Continue reading It’s Here: Mortgage Rule Opens Door to Thousands of Condos