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Tag: reserves
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2
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After Condo Collapse, Fannie Mae Toughens Loan Standards for Buildings with Significant Deferred Maintenance
As of January 1, 2022, potential homebuyers may be finding it tougher to finance the purchase of units in cooperatives and condominiums. In response to last…
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How Much Should Your Building Have in Reserves?
Planning for a rainy day—and the leaks that follow—is a common concern for many co-op and condo boards. Owners and managers know they need to prepare…