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New Condo Legislation to Bring Relief to Homebuyers

July 17, 2016 3:16 pm

The U.S. Senate recently passed H.R. 3700, the “Housing Opportunity Through Modernization Act,” by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and is long supported by the National Association of REALTORS® (NAR). Changes include efforts to make FHA’s recertification process “substantially less burdensome,” while […]
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