Condo Owners Can’t Refinance???

Here is an excerpt from a Los Angeles Time article published today by Kenneth Harney.

“On Wednesday, an estimated 2,200 condominium projects missed an eligibility deadline involving sales or refinancings using Federal Housing Administration-insured mortgages. The deadline was originally set by FHA for recertification or approval of these projects, but at the last minute the agency agreed to extend eligibility for most of them — 23,000 projects — into next year, with a series of rolling expiration dates.”

Read the full article here: CLICK HERE

Or you can cut and paste the link here: http://www.latimes.com/business/la-fi-harney-20101212,0,4331.story

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