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Repairs and replacements that noticeably impact the safety, soundness, structural integrity or habitability with the project’s constructing(s) and/or that affect device values, financial viability or marketability on the challenge. These repairs and replacements contain:

Normally, lenders may possibly regard your condition as much too unstable to afford to pay for the monthly payments and deny you a loan.

Bulletin 2021-38 is similar to the Fannie Mae lending recommendations, but speaks with regards to not lending in condominiums that have “significant critical repairs”, that are defined as follows:

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Conclusion

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