Fannie Mae – Condo Fees Past Due: When purchasing a condo, what is the maximum percentage of delinquent condo fees?
Answer: Before writing a contract, check with the condo association on the % of clients 60 days overdue or more on condo fees! This matters! No more than 15% can be past due 60 days or more. I first suggest seeing if you can get a prior approval exception from Fannie Mae if you are […]