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Thousands of condo owners across the country are facing a crisis they never saw coming—their buildings have been blacklisted by Fannie Mae, making it nearly impossible to sell their homes. In this episode, we break down why over 5,000 condo developments are now flagged as too risky for mortgages, how skyrocketing insurance costs and new lending rules are shutting buyers out, and why states like Florida, California, and Texas are being hit the hardest.
Subscribe to the BiggerPockets Channel for the best real estate investing education online!
Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
4.7
311311 ratings
Thousands of condo owners across the country are facing a crisis they never saw coming—their buildings have been blacklisted by Fannie Mae, making it nearly impossible to sell their homes. In this episode, we break down why over 5,000 condo developments are now flagged as too risky for mortgages, how skyrocketing insurance costs and new lending rules are shutting buyers out, and why states like Florida, California, and Texas are being hit the hardest.
Subscribe to the BiggerPockets Channel for the best real estate investing education online!
Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
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