A condominium’s eligibility for FHA financing can have an impact on its market value, due to the low down payment requirement and lower underwriting standards associated with FHA-insured loans.
What does it take for a condo building to qualify for FHA certification? Attorney Mark Pearlstein outlines the criteria in the above video, one of a series from an event sponsored by The Building Group, a Chicago-based real estate management firm. The videos provide information that’s useful to condo board members, but also to unit owners.
Mark Pearlstein authors a weekly column on condominium and homeowner association law for the Chicago Tribune.