National Condo Advisors recently launched its affiliated company National Condo Inspections, to provide the necessary studies and inspections required for FHA and Fannie Mae condominium project approval. After making the announcement, a host of news outlets picked up the story including Yahoo! Finance and MSN Money Central. A brief snippet of the article is available here, and links to copies of the article are below the break:
With tightened credit restrictions that have made it more difficult for consumers around the country to obtain mortgages; FHA and FNMA financing have become much more popular with nearly 95% of all new mortgage applications going through these agencies nationally. In order to offer these financing options to buyers, the entire condominium development project must be approved, but FHA and FNMA project approval is a complex process that requires a number of physical and environmental studies and inspections to be performed before or during submission.
In order to the meet the growing need of developers and owners, National Condo Inspections (http://www.nationalcondoinspections.com/) was formed to provide all needed studies and inspections, including: reserve studies, environmental site assessments, property construction assessments, noise studies, and flood zone solutions such as FEMA Letter of Map Amendment (LOMA) services.
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