Condo financing

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Malibu Condo Sales Could Benefit From New FHA Financing Rules

by ritasimpson September 23, 2012 Money Talk

Here’s some encouraging news for condominium unit owners, sellers and buyers: The biggest source of funding for low-down-payment condo mortgages, theĀ Federal Housing Administration, has revamped controversial rules that caused thousands of buildings across the country to lose their eligibility for FHA financing.

The revised guidelines, which were issued Sept. 13 and took effect immediately, should make …

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