FHA and the GSEs have totally different rules for the sale of a condominium versus a stand-alone single-family home. THE SELLER HAS NO OBLIGATION TO FUND CONVERTER RESERVES OR TO SUPPLY CONVERTER WARRANTIES UNDER S. 718.618 ON ANY PORTION OF THE CONDOMINIUM PROPERTY BESIDES AS EXPRESSLY REQUIRED OF THE SELLER WITHIN THE CONTRACT FOR PURCHASE AND SALE EXECUTED BY THE VENDOR AND THE PREVIOUS DEVELOPER AND PERTAINING TO ANY DESIGN, BUILDING, DEVELOPMENT, OR RESTORE WORK PERFORMED BY OR ON BEHALF OF THE VENDOR.
Condominium models come in all styles and sizes. If harm is inflicted on the widespread components or … Read More...