New Federal Disclosure Rule Hurting Condo Sales: Report

Originally published on July 19, 2022, by Jack Rogers for

Resistance from condo boards to a new questionnaire that Fannie Mae and Freddie Mac are requiring condo sellers to fill out in the wake of the deadly collapse of a Florida high-rise tower last year is having a chilling effect on condo markets across the county, according to a report in the Washington Post.

Federal regulations enacted after the collapse of Champlain Towers in Surfside, Florida, are hurting condo sales nationwide, reported on July 19. Fannie Mae and Freddie Mac now require condo boards, homeowners associations or property managers to answer questions about a building’s structural integrity before federally backed loans are approved.

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