Finding a funding for a condominium can be a difficult proposition under normal circumstances. Then there is this scenario being presented on the Mortgage Grapevine.
Processing Content
The complex is in the Tampa area. It has 12 units. However, the complex is not on the Federal Housing Administration approved list.
And because the condominium association owns four of the units (or 25%), it does not meet the conventional limit of no more than 10% ownership by a single party or entity.
To learn more about this scenario, go to
