FHA and the GSEs have totally different rules for the sale of a condominium versus a stand-alone single-household home. For individuals who don’t assume a personal loan for dwelling improvements is best for you, merely choose one other alternative when applying. Such guarantee may be said in the buy contract, declaration, prospectus, or written settlement between the developer and a majority of the unit homeowners other than the developer and should provide that, after the preliminary assure interval, the developer might lengthen the assure for one or more said periods.
The developer might reserve the right so as to add … Read More...