Land Lease Requirements for Condominiums

Question: My client is purchasing a condominium in a complex on a land lease. The land lease extends over 70 more years.  What are the requirements for approval?  Do we need an attorney opinion letter? MC – Condominium Eligibility Chart Answer:Leasehold Estates Fannie Mae purchases or securitizes fixed-rate and adjustable-rate first-lien loans that are secured […]

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