Condo owners, take note:
Over 700 condo communities in California have now been added to Fannie Mae’s “mortgage blacklist,” meaning buyers can’t get conventional loans in those buildings.
Deferred maintenance, low reserves, and inadequate insurance are pushing more communities onto this growing list—slashing buyer pools and threatening property values.
If your building becomes ineligible for conventional financing, selling may become significantly harder. Now might be the time to act. If you’d like to discuss how this might impact your property or talk through selling strategies, we're just a call or message away.
Read the full Newsweek article at https://www.newsweek.com/california-mortgage-blacklist-fannie-mae-2048493
