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John R. Russell, Ltd.

Category: Real Estate

FHA Under Pressure to Bring Back Individual “Spot Loans” for Condominium Units

Posted on April 15, 2014 by johnr1note

There is finally some good news for condominium unit owners who’ve been frustrated by the FHA’s prohibition on “spot loans” in developments that haven’t obtained certification. Pressure from real estate advocacy groups is causing the FHA to seriously consider relaxing the ban and bring back spot loans. Ken Harney, a nationally renowned author and expert… Continue reading

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