What does this mean? This means you can purchase a condo in these buildings with relatively little hassle from the banks because Fannie Mae has already reviewed and approved the buildings.
For example, if you wanted to purchase a condo in a building not on this list, and if you wanted to buy with 10% down, the bank would scrutinize the legal and financial standing of the condo.
If the building IS on this list, the bank will only scrutinize the buyer’s qualifications and the appraisal report.
Eden House Entire Project/ Miami Beach 3/15/2013 9/15/2014
FL Nine45 Jefferson Condominum Entire Project/ MIAMI BEACH 8/6/2013 5/6/2014
FL NORDICA CONDO Entire Project/ MIAMI 8/13/2013 5/13/2014
FL Ponce Tower Entire Project/ MIAMI 5/17/2013 2/17/2014
FL South Two Seven Lofts Entire Project/ MIAMI 6/4/2012 12/6/2013
That’s all folks!
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