Rate shock: Skyrocketing insurance premiums straining community associations
Ungrated
MARCH 20, 2023
According to a recent article in The Orange County Register , Fannie Mae halted financing for 6,102 condominiums and single-family homes in Third Laguna Hills Mutual , a 55-and-over community in Laguna Woods Village, Calif., This could create) a different kind of financial crisis for the community.” billion in replacement insurance coverage.
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