Fannie, Freddie tighten screws on condo buyers
Fannie Mae and Freddie Mac tightened their condo financing rules effective Monday, a move that will make it harder for buyers to secure conventional mortgages and refinancings in buildings lacking sufficient financial reserves. Fannie Mae retired its mandatory PERS (Project Eligibility Review Servi
South Florida’s top deals: Bal Harbour condo trades for $15M
🏆 Residential: The priciest recorded home sale was in Bal Harbour. A trust purchased a condo at 10201 Collins Avenue from a company led by Jason Claxton for $14.5 million. The unit measures 4,000 square feet, pricing the transaction at $3,600 per square foot. The corner pad has three bedrooms, four
Florida property insurance lawsuits decline
Florida’s share of property insurance lawsuits has fallen sharply, a sign of market stability that could mean more coverage options and fewer closing delays.
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