09/03/2026
Banks won't give you a loan unless they know the association has passed this inspection and repairs have been doneβor at least are planned and funded. π°
In this episode, David and Helen Fower discuss the real-world impact of SB 326 on condo sales. They're getting calls weekly from lenders, agents, and brokers whose condo deals are stuck in escrow because of pending inspections or repairs.
Fannie Mae has blacklisted communities that haven't done their inspections or haven't completed flagged repairs. Sales have fallen. Condos aren't getting asking price. Some sellers are forced to take cash buyers at significantly less.
And there's more: lengthy repairs eat into reserves, forcing HOA dues to go up. Owners can't afford it. Sellers can't sell.
π₯ Watch the full episode for the complete interview with Helen Fower β‘ https://youtu.be/1IiikMoqWqI