Understanding What Lenders Look For When Financing a Condo
Insurance coverage plays a pivotal role in condominium financing. Lenders necessitate evidence of sufficient insurance coverage to mitigate risks stemming from natural disasters, liability claims, and property damage. Moreover, lenders might stipulate that the condo association maintains fidelity bonds or directors and officers (D&O) insurance to shield against potential mismanagement or fraudulent activities. Read more from the blog: https://www.hituponviews.com/u....nderstanding-what-le
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