So, you found a condo you want to buy. But your ESA (Emotional Support Animal) does not meet the pet restrictions of the Homeowners Association (HOA). Or maybe you already live in a no-pets HOA and now need a furry friend for support. How do you get an Illinois HOA to allow your ESA?

Fannie Mae and Freddie Mac have both made significant changes to their guidelines for approving loans in condominiums and co-ops. This is a real game changer for buyers and sellers alike. Lenders must follow these guidelines in order for loans to be guaranteed in secondary (investor) markets. Loan-originating companies only want to grant mortgages if they can be resold on those secondary markets. Many approvals will be harder to come by.