Like the FHA, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) have specific requirements when providing financing for condominium sales or refinancing. Fannie Mae involves the FHA, because it was established for the purpose of purchasing FHA loans from loan originators to provide liquidity for government-insured loans. [...]
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Marylandcondolaw.com is written by Raymond D. Burke, a principal in Ober|Kaler’s Construction Group. One of the region's top construction and real estate development lawyers, Ray has more than 25 years of experience in matters relating to condominium and other multi-use development matters. Ober|Kaler’s Construction Group offers comprehensive legal services to condominium, homeowner and community associations throughout the mid-Atlantic. We provide legal advice and dispute resolution services to boards of directors of condominium and community associations regarding the management of their communities. We also help resolve disputes arising from defective construction of condominiums and other multi-family residential communities.