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Buyers and sellers: new lending guidelines (and what to do about them)

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 alikeLenders 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. 

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Who's in Charge of Fixing Miami's Aging Condos? (and what about here in Chicago?)

The disasterous 2021 building collapse in Miami calls to light a critical challenge for all condo owners, including owners here in Chicago. Who decides if repairs and who pays? Hint: the owners.

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