Condos must keep reserves for 'deferred maintenance.' But the legal definition in Florida statutes is broader than its common usage.
Fannie Mae and Freddie Mac are changing some rules related to insurance that could cut costs for condo owners.
The homeowner insurance woes facing many Americans are having a unique impact on condominium owners, too. Aging condos and deferred maintenance are sending condo insurance premiums soaring through the ...
It’s not very often that condominium and coop properties make mortgage industry headlines — but there is a very good reason why they are. In January 2022, Fannie Mae rolled out new temporary ...
Deferred maintenance and deferred repair work in the Champlain Towers South building are well documented. Now, disclosures will have to be made. A major national condo reform is taking place in the ...
In 2021, the collapse of the Champlain Towers South condominium in Surfside, Florida, shocked the world. Initially framed as an engineering failure, the tragedy exposed a deeper issue: decades of ...
Forbes contributors publish independent expert analyses and insights. Roger Valdez writes about housing economics and policy. The legislation addresses two problems. First, an uneven recertification ...