Secret Mortgage Blacklist Is Leaving Florida Homeowners Stuck With Unsellable Condos

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https://www.wsj.com/finance/regulation/condo-sales-home-insurance-crisis-a921362b?st=yJU48w&reflink=desktopwebshare_permalink

{{ Shadow Ridge, the Los Angeles complex blacklisted in December, is in a brushfire zone but escaped this year’s infernos. Its homeowner’s association was recently quoted $2.6 million a year for a Fannie-compliant policy, 10 times the current rate, according to Jinah Kim, one of the board members. }}

California wildfires may be worse than hurricanes.

If it’s a Fannie Mae list, I don’t see why it should be secret. In fact, if the property is on the blacklist, it should be a mandatory disclosure on the real estate listing just to save people from wasting their time.

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