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New Condo Guidelines! Not good news

<a href=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9roAP5r-GI/AAAAAAAAADA/cTNke0yyCdg/s1600-h/condo_mortgages_project_reviews_597_Page_4.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9roAP5r-GI/AAAAAAAAADA/cTNke0yyCdg/s200/condo_mortgages_project_reviews_597_Page_4.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5177705812581939298″ /></a><br /><a href=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn7P5r-FI/AAAAAAAAAC4/SElwgXMcJjA/s1600-h/condo_mortgages_project_reviews_597_Page_3.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn7P5r-FI/AAAAAAAAAC4/SElwgXMcJjA/s200/condo_mortgages_project_reviews_597_Page_3.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5177705726682593362″ /></a><br /><a href=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn1P5r-EI/AAAAAAAAACw/lCR8O8zIY-k/s1600-h/condo_mortgages_project_reviews_597_Page_2.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://4.bp.blogspot.com/__b6Y0cLXpyI/R9rn1P5r-EI/AAAAAAAAACw/lCR8O8zIY-k/s200/condo_mortgages_project_reviews_597_Page_2.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5177705623603378242″ /></a><br /><a href=”http://3.bp.blogspot.com/__b6Y0cLXpyI/R9btp_5r-DI/AAAAAAAAACo/p1PJitsjPYc/s1600-h/condo_mortgages_project_reviews_597_Page_1.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://3.bp.blogspot.com/__b6Y0cLXpyI/R9btp_5r-DI/AAAAAAAAACo/p1PJitsjPYc/s200/condo_mortgages_project_reviews_597_Page_1.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5176586127492773938″ /></a><br />Freddie and Fannie have issued new guides for condos. Basically, a new building must be 51% sold to people going to live there as primary or secondary homes. So, you can’t be the first to close on a new building unless the presale is met! Bad news for buyers and condo sellers, especially in good areas like Philadelphia. <br /><br />For a review of your condo, please call me at 877-282-5789.

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