What else you need to know about condos when purchasing

Buying Florida

30-11-2023 • 5 mins

thenWhat is a limited review and what does it mean?
25% down for owner occ and 30% for second homes and investment properties
What is required? A condo Questionnaire
The underwriters review and them check for assessments coming due? Delinquencies, etc.,
A full review is where the budget is required and the number one item is reserves. Do they have 10% reserves
Condos have experienced higher insurance premiums on the master policy and are there repairs needing to be done
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Didier Malagies nmls212566
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