Hi Dana,
EVERYONE in South Florida where I am a realtor has a hard time getting a mortgage! The Fannie/Freddie guidelines for condos are making the Florida condo market tough to turn around since most newer condos will not have the cash reserves or owner occupancy rate requred to get a mortgage.

Many first time buyers here would love to get a condo becasue the prices have fallen so much, but an FHA loan is impossible of couse! I could have sold twice a many conos this year if there had been some way to acquire mortagesf or these people with good credit and a donw payment, but very strict guidlines for the building itself. It is really a problem here, and would help if there would be some easing up of restictions for a time to get things moving-- even with the 8k credit we are stuck!!

I hope that your article gets some attention to the problem,

Beth Jenkins
South Florida Brokers
786-34-4778