Condo BLACKLIST

Yes! It's for real....

The BLACKLIST was created by Fannie Mae to flag condominiums with a variety of issues for which they will refuse to underwrite loans. At least 4,885 condos & co-ops are now on list with more than 1,400 in Florida.

Age, inspections and reserves...

all can contribute to condo units being placed on the BLACKLIST. These include:

Significant deferred maintenance
Structural problems
Litigation or pre-litigation
Reserve study requirements
Special assessments

Insurance is a major driver....

To save on costs, associations are raising deductibles. However, per Fannie Mae, “the maximum allowable deductible for all required property insurance perils is 5% of the master property insurance coverage amount.”

Is your building on the list?

You can check it with the required information at ... https://condoblacklist.com/

Of course you can still sell your property....

But, your buyer may not be able to obtain a mortgage, which greatly reduces the pool of those prospective individuals who can purchase it.

Expert Advice

We are knowledgeable and experienced, with a deep understanding of the local real estate market. Let us provide you with expert advice and guidance.