Real Green Trends

Great News from Fannie Mae – Condo Projects granted special approval

FNMA gives special approval designation for some Florida condo projects

The Special Approval designation applies to certain established projects located in Florida. Lenders must use Special Feature Code 156 for delivery of loans secured by units in condo projects with a Special Approval designation.

 In addition, lenders must deliver project review code Type T – Fannie Mae Review. For details, refer to Lender Letter LL-2010-01 and the FAQs.

Great news, click here and the letter from FNMA will open where you will  see the condos that have been temporarily approved in your area.

Are you ready to buy? Contact me for a private tour of the properties and I will guide through the process.

This entry was posted on Monday, January 11th, 2010 at 1:05 pm and is filed under Bank Owned Properties - Foreclosures, Legal Trends, Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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