Fannie Mae Review May Lead to Increase in Florida Condo Sales

This month Fannie Mae announced that it would begin a detailed review of hundreds of condo projects in Florida in an effort to make them Fannie Mae eligible. The Fannie Mae team will be reviewing criteria that includes:

• Occupancy
• Association dues
• Financial Stability
• Property condition

Florida’s condo market could certainly use this boost. Condo sales throughout Central Florida have been seriously impacted by market conditions experienced the past few years.

If you are interested in purchasing a condo and would like to find out if the condo project is Fannie Mae approved give me a call. 407-304-0255

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