The Condo Management association are not answering all the questions for the condo approval process, what happens then?

Navigating Condo Questionnaire Challenges for Mortgage Approval with DDA MortgageBuying a condominium can be an exciting journey, offering a unique blend of homeownership and community living. However, securing a mortgage for a condo often comes with a specific hurdle: the dreaded Condo Questionnaire. This vital document, required by lenders and secondary market giants like Fannie Mae (FNMA) and Freddie Mac (FHMC), is essential for getting the condo project approved. Without a fully completed questionnaire, your mortgage application can hit a serious roadblock, bringing your dream of condo ownership to a grinding halt. The problem we're seeing more frequently now is that condo management companies, often advised by their attorneys, are becoming increasingly reluctant to answer certain questions on these forms, even when provided with hold harmless agreements. This leaves buyers, sellers, and lenders in a difficult position. If key questions remain unanswered, FNMA/FHMC cannot approve the condo project, and without that approval, a mortgage simply cannot be granted. But don't despair; at DDA Mortgage, we're here to help you understand this challenge and navigate potential solutions to keep your condo purchase on track.tune in and learn https://www.ddamortgage.com/blogDidier Malagies NMLS #212566dda mortgage nmls#324329 Support the show