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The Unsellable Condo: Reserve Mandates, Lender Blacklists, and the Resale Package That Bounces

Florida’s SIRS mandates and Fannie Mae and Freddie Mac eligibility rules are making condo units unsellable. Guide boards through reserve and special-assessment compliance, screen buildings for blacklist triggers before contract, build a complete resale package, and rescue deals with alternative financing.

2026-10-26 12:00:00

Program Details

2026-10-26 12:00:00

2026-10-26 12:00:00

2h CLE Credits

2026-10-26 12:00:00

Program Details

2026-10-26 12:00:00

Program Details

2026-10-26 12:00:00

Over 1,000+ webinars

2026-10-26 12:00:00

Course Overview

The Reserve Waiver Is Gone. Conventional Financing May Be Next

2026-10-26 12:00:00

Florida’s milestone inspection and Structural Integrity Reserve Study (SIRS) mandates ended the era of waived reserves. Reserve-funding requirements are now spreading to other states. At the same time, Fannie Mae and Freddie Mac lending rule changes take effect through early 2027. They include the Full Review transition and a new 15% reserve threshold.

The consequences land on both sides of the deal. Boards skip compliance, and directors face liability. A building appears on an ineligible project list, and buyers lose conventional financing. A resale package misses a required document under HB 1021 or HB 913, and the closing bounces. A SIRS goes missing, and the seven-day rescission window may stay open. Blacklist status surfaces after execution, and sellers and their counsel face fraud and misrepresentation claims.

You walk out with the practitioner’s playbook. For boards: a compliance-deadline and budget-restructuring framework, SIRS-driven special assessment procedures, and amendment targets for older declarations. For closings: a pre-contract blacklist screen, a resale-package disclosure checklist, and financing-contingency language for portfolio, non-QM, and credit union deals. This is judgment work a statute summary cannot do for you.

Format

CLE Credit

2h CLE Credits

Level

Intermediate

Length

2

Key topics that will be covered

01
Mandate Deadlines and Reach
How Florida’s milestone inspection and SIRS deadlines apply to your client’s building, and which other states’ reserve-study and reserve-funding mandates you must track.
02
Budgets Without the Waiver
How boards must restructure annual budgets now that the reserve waiver is gone, and what liability attaches to directors who fail to comply.
03
Assessments and Governing Documents
How to navigate the procedural, authority, and disclosure obligations of a SIRS-driven special assessment and amend older declarations to meet the new reserve-funding requirements.
04
Lender Eligibility and Blacklists
How the Fannie Mae Full Review transition and 15% reserve threshold affect unit salability, what documentation boards must produce, and how to check the ineligible lists before your client signs.
05
Resale Package and Rescission
How to assemble the resale package Florida law requires under HB 1021 and HB 913, when the seven-day rescission clock starts, and whether a missing SIRS keeps the window open.
06
Financing and Liability Exposure
How to draft financing contingencies around portfolio, non-QM, and credit union alternatives and limit fraud and malpractice exposure when blacklist status surfaces after execution.

Program schedule

clock 12:00 pm - 1:00 pm EST

Advising Condominium Boards Through the New Structural Safety and Reserve Funding Mandates

This session equips attorneys who advise condominium boards with the operational and legal framework created by Florida’s milestone inspection and Structural Integrity Reserve Study (SIRS) mandates, the national spread of reserve-funding requirements, and the Fannie Mae and Freddie Mac lending rule changes that take effect through early 2027. Attorneys will learn how to guide boards through compliance deadlines, budget restructuring, special assessment authority, and governing-document gaps created by the new mandates. Attendees will leave with a working understanding of board fiduciary exposure, the interplay between state statutory requirements and federal lending guidelines, and the practical steps needed to avoid both regulatory penalties and conventional-mortgage ineligibility for individual units.

Eric M. GlazerEric M. Glazer
clock 1:10 pm - 2:10 pm EST

Closing Condominium Units in Blacklisted Buildings: Rescission, Disclosure, and Deal Rescue

This session equips transactional attorneys with the practical tools to navigate condominium closings when a building appears on Fannie Mae or Freddie Mac’s ineligible project lists. Attendees will learn how to identify blacklist triggers, satisfy Florida’s updated mandatory disclosure requirements under HB 1021 and HB 913, deploy rescission rights strategically, and restructure deals using portfolio, non-QM, and credit union financing. Attorneys will leave with a command of the common drafting and disclosure errors that expose sellers and their counsel to fraud and misrepresentation claims.

Jake E. MarcusJake E. Marcus
Eric M. Glazer

Eric M. Glazer

Glazer and Sachs, P.A

Jake E. Marcus

Jake E. Marcus

Davis Malm

Eric M. Glazer

Eric M. Glazer

Glazer and Sachs, P.A

Eric M. Glazer has devoted his career to representing Florida community associations and their members, and has owned Glazer and Sachs, P.A., based in Fort Lauderdale with an Orlando office, since 1994. He is Board Certified by The Florida Bar in Condominium and Planned Development Law.

Education & Credentials

Mr. Glazer is Board Certified by The Florida Bar in Condominium and Planned Development Law, a designation he earned in June 2018, and has been certified by the Florida Supreme Court as a Circuit and County Court Mediator since 2009. He received his J.D. from the University of Miami School of Law in 1992 and his B.A. in Political Science from New York University in 1989.

He was admitted to The Florida Bar in 1992 and is also licensed in New York, the District of Columbia, and Tennessee (2020). His federal admissions include the U.S. Supreme Court, the U.S. Court of Appeals for the Eleventh Circuit, the Southern, Middle, and Northern Districts of Florida, and the Eastern and Southern Districts of New York.

Recognition & Leadership

Mr. Glazer drafted several provisions of Florida Statutes 718 and 720. He has personally taught and certified approximately 25,000 board members across Florida through the firm's Condo Craze and HOAs Board Certification Seminar and Legal Update Course, qualifying them to serve on a condominium or homeowners' association board.

Professional Involvement

Since 2009, Mr. Glazer has hosted Condo Craze and HOAs, a weekly one-hour show airing Sundays at 11:00 a.m. that covers community association law and answers callers' questions live. The program began on radio at 850 WFTL. He has also written a weekly blog on association law issues for roughly fifteen years and is the author of What the Hell Did I Just Buy (2026). He additionally serves as a mediator and arbitrator.

Experience

Under Mr. Glazer's leadership, Glazer and Sachs, P.A. has represented thousands of associations and unit owners across the full range of community association law, in state and federal courts and in arbitration proceedings before the Department of Business and Professional Regulation. His practice spans condominium and homeowner association law, civil litigation, and commercial litigation. Earlier, while a student at New York University, he worked in the Kings County District Attorney's Office.
Jake E. Marcus

Jake E. Marcus

Davis Malm

Jake E. Marcus advises condominium associations on evolving Fannie Mae and Freddie Mac project eligibility requirements, reserve funding obligations, insurance compliance, and lender questionnaire responses. A real estate attorney concentrating on condominium law, he is Of Counsel at Davis Malm in Boston and is admitted in both Massachusetts and Florida.

Education & Credentials

Mr. Marcus earned his J.D., cum laude, from the University of Miami School of Law, along with an M.B.A. from the University of Miami. He holds a B.A. from Stonehill College. He is admitted to practice in Massachusetts and Florida and before the United States District Court for the Southern District of Florida.

Recognition & Leadership

Mr. Marcus co-chairs the Massachusetts Legislative Action Committee of the Community Associations Institute (CAI New England). He was named a Super Lawyers Rising Star for 2024–2025 and a Boston magazine Top Lawyer in 2024.

Professional Involvement

Mr. Marcus speaks regularly to association boards, owners, and managers. He co-presented the CAI-NE webinar “Master Insurance Policy Crisis- How to Prepare,” the “Condo Questions and Answers Panel” at the CAI-NE Condo Connect 2025 Annual Conference & Expo, “What You Need to Know Going into 2024: Advanced Board Training” at the South Florida Cooperator Expo, and “Top 10 Legal Issues Everyone Should Know” at the New England Condominium Expo. He was also interviewed for Condo Media's “Ask a Busy Person” column.

He is a member of the Boston Bar Association, CAI New England, and the International Lawyers Network. Outside his practice, he founded and serves as president of Intestinal Fortitude and sits on the Board of Directors of the Crohn's & Colitis Foundation New England.

Experience

Mr. Marcus represents condominium associations, homeowners' associations, developers, property managers, and other real estate stakeholders on governance, litigation, construction defect, collections, risk management, and operational matters. His counseling covers lender and Fannie Mae/Freddie Mac compliance, developer turnover and transition, governing document interpretation and amendments, covenant enforcement, and assessment collection strategies.

He secured a multi-million settlement for a 63-unit East Boston condominium trust in a construction defect action involving façade failures, water intrusion, code violations, and structural concerns, and another for a small Boston condominium trust against a developer, contractors, and suppliers over construction defects and water damage. He has also built collection and lien enforcement programs for condominium associations throughout Massachusetts and handles commercial and real estate litigation involving contract, fiduciary duty, title and ownership, and business disputes. Before joining Davis Malm, he was a partner at Allcock & Marcus.
Eric M. Glazer

Eric M. Glazer

Glazer and Sachs, P.A

Eric M. Glazer has devoted his career to representing Florida community associations and their members, and has owned Glazer and Sachs, P.A., based in Fort Lauderdale with an Orlando office, since 1994. He is Board Certified by The Florida Bar in Condominium and Planned Development Law.

Education & Credentials

Mr. Glazer is Board Certified by The Florida Bar in Condominium and Planned Development Law, a designation he earned in June 2018, and has been certified by the Florida Supreme Court as a Circuit and County Court Mediator since 2009. He received his J.D. from the University of Miami School of Law in 1992 and his B.A. in Political Science from New York University in 1989.

He was admitted to The Florida Bar in 1992 and is also licensed in New York, the District of Columbia, and Tennessee (2020). His federal admissions include the U.S. Supreme Court, the U.S. Court of Appeals for the Eleventh Circuit, the Southern, Middle, and Northern Districts of Florida, and the Eastern and Southern Districts of New York.

Recognition & Leadership

Mr. Glazer drafted several provisions of Florida Statutes 718 and 720. He has personally taught and certified approximately 25,000 board members across Florida through the firm's Condo Craze and HOAs Board Certification Seminar and Legal Update Course, qualifying them to serve on a condominium or homeowners' association board.

Professional Involvement

Since 2009, Mr. Glazer has hosted Condo Craze and HOAs, a weekly one-hour show airing Sundays at 11:00 a.m. that covers community association law and answers callers' questions live. The program began on radio at 850 WFTL. He has also written a weekly blog on association law issues for roughly fifteen years and is the author of What the Hell Did I Just Buy (2026). He additionally serves as a mediator and arbitrator.

Experience

Under Mr. Glazer's leadership, Glazer and Sachs, P.A. has represented thousands of associations and unit owners across the full range of community association law, in state and federal courts and in arbitration proceedings before the Department of Business and Professional Regulation. His practice spans condominium and homeowner association law, civil litigation, and commercial litigation. Earlier, while a student at New York University, he worked in the Kings County District Attorney's Office.
Jake E. Marcus

Jake E. Marcus

Davis Malm

Jake E. Marcus advises condominium associations on evolving Fannie Mae and Freddie Mac project eligibility requirements, reserve funding obligations, insurance compliance, and lender questionnaire responses. A real estate attorney concentrating on condominium law, he is Of Counsel at Davis Malm in Boston and is admitted in both Massachusetts and Florida.

Education & Credentials

Mr. Marcus earned his J.D., cum laude, from the University of Miami School of Law, along with an M.B.A. from the University of Miami. He holds a B.A. from Stonehill College. He is admitted to practice in Massachusetts and Florida and before the United States District Court for the Southern District of Florida.

Recognition & Leadership

Mr. Marcus co-chairs the Massachusetts Legislative Action Committee of the Community Associations Institute (CAI New England). He was named a Super Lawyers Rising Star for 2024–2025 and a Boston magazine Top Lawyer in 2024.

Professional Involvement

Mr. Marcus speaks regularly to association boards, owners, and managers. He co-presented the CAI-NE webinar “Master Insurance Policy Crisis- How to Prepare,” the “Condo Questions and Answers Panel” at the CAI-NE Condo Connect 2025 Annual Conference & Expo, “What You Need to Know Going into 2024: Advanced Board Training” at the South Florida Cooperator Expo, and “Top 10 Legal Issues Everyone Should Know” at the New England Condominium Expo. He was also interviewed for Condo Media's “Ask a Busy Person” column.

He is a member of the Boston Bar Association, CAI New England, and the International Lawyers Network. Outside his practice, he founded and serves as president of Intestinal Fortitude and sits on the Board of Directors of the Crohn's & Colitis Foundation New England.

Experience

Mr. Marcus represents condominium associations, homeowners' associations, developers, property managers, and other real estate stakeholders on governance, litigation, construction defect, collections, risk management, and operational matters. His counseling covers lender and Fannie Mae/Freddie Mac compliance, developer turnover and transition, governing document interpretation and amendments, covenant enforcement, and assessment collection strategies.

He secured a multi-million settlement for a 63-unit East Boston condominium trust in a construction defect action involving façade failures, water intrusion, code violations, and structural concerns, and another for a small Boston condominium trust against a developer, contractors, and suppliers over construction defects and water damage. He has also built collection and lien enforcement programs for condominium associations throughout Massachusetts and handles commercial and real estate litigation involving contract, fiduciary duty, title and ownership, and business disputes. Before joining Davis Malm, he was a partner at Allcock & Marcus.

Credits by state

AK2.0
AL2.0
AR2.0
AZ2.0
CA2.0
CO2.0
CT2.0
DC2.0
DE2.0
FL2.0
GA2.0
HI2.0
IA2.0
ID2.0
IL2.0
IN2.0
KS2.0
KY2.0
LA2.0
MA2.0
MD2.0
ME2.0
MI2.0
MN2.0
MO2.4
MS2.0
MT2.0
NC2.0
ND2.0
NE2.0
NH120.0
NJ2.0
NM2.0
NV2.0
NY2.0
OH2.0
OK2.5
OR2.0
PA2.0
RI2.5
SC2.0
SD2.0
TN2.0
TX2.0
UT2.0
VA2.0
VT2.0
WA2.0
WI2.0
WV2.4
WY2.0

1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

1000+

Live stream programs

24/7

Access to live webinars & recordings

10,000+

Trusted by Legal Professionals

1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

MCLE Credits

Alabama
Pending
Alaska
Approved
Arizona
Approved
Arkansas
Approved
California
Approved
Colorado
Pending
Connecticut
Approved
Delaware
Pending
District of Columbia
No Required
Florida
Approved
Georgia
Pending
Hawaii
Approved
Idaho
Pending
Illinois
Pending
Indiana
Pending
Iowa
Pending
Kansas
Pending
Kentucky
Pending
Louisiana
Pending
Maine
Pending
Maryland
No Required
Massachusetts
No Required
Michigan
No Required
Minnesota
Pending
Mississippi
Pending
Missouri
Approved
Montana
Pending
Nebraska
Pending
Nevada
Pending
New Hampshire
Approved
New Jersey
Approved
New Mexico
Approved
New York
Approved
North Carolina
Pending
North Dakota
Approved
Ohio
Pending
Oklahoma
Pending
Oregon
Pending
Pennsylvania
Approved
Rhode Island
Pending
South Carolina
Pending
South Dakota
No Required
Tennessee
Pending
Texas
Approved
Utah
Pending
Vermont
Approved
Virginia
Not Eligible
Washington
Approved
West Virginia
Pending
Wisconsin
Pending
Wyoming
Pending

Alabama

Requirements

The Alabama State Bar MCLE Commission requires attorneys to complete 12 credits, including 1 ethics, by December 31 of each year. All credits must be reported by February 15 of the following year. A maximum of 12 credits, including 1 ethics credit, may be carried over for 1 year only.  

Formats

  • Attorneys can earn unlimited “live” credit through live seminars, live webcasts, and co-sponsored locations with MyLAWCLE-Alabama approved programs
  • Attorneys are limited to 6 credits per compliance period of “online” programs through MyLAwCLE On-Demand programs