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Importance of 10% Reserve Contribution to Condo Unit Financing Posted on February 20, 2015 by ReadySetLoan If you know anything about FHA condominium project approvals, you know that it requires that associations annually contribute 10% of its budget to a reserve fund .
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The affected states are California, North Dakota, Kansas, Iowa, Missouri, Wisconsin, Illinois, New York, Massachusetts,
What follows is an actual instance of mortgage wire fraud. Here’s how it got detected. Tom’s bank in West Michigan to a bank in Maine to another depository in South Florida. Today, Tom has.