Condo troubles looming?

Tens of thousands of condominium unit owners around the country may not know it, but their ability to sell or refinance could be jeopardized by a rolling series of federal government deadlines.

On Dec. 8, an estimated 2,200 condominium projects lost eligibility for unit sales or refinancings involving FHA mortgages because they had missed a key deadline for recertification set by the agency. Beginning next spring, another 23,000 projects—with residential units totaling into the estimated hundreds of thousands—could lose their eligibility as well.

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