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It depends on what the problems were and how long it’s been since you had those problems. Negative Items on Your Credit Reports...

Starting the FHA Approval Process: Starting the FHA Approval process is not difficult, but it does differ depending on your role in the...

Starting the FHA Approval Process: Starting the FHA Approval process is not difficult, but it does differ depending on your role in the...

Before you buy a condominium, have your REALTOR® contact the condo board with the following questions. In the process, you’ll learn how...

Before you buy a condominium, have your REALTOR® contact the condo board with the following questions. In the process, you’ll learn how...

Our first response would be to make sure that you don’t lose your FHA Condominium Project Approval! Obviously, FHA buyers are attracted...

Our first response would be to make sure that you don’t lose your FHA Condominium Project Approval! Obviously, FHA buyers are attracted...

One of the major topics of discussion at a round table discussion with HUD was Private Transfer Fees, aka 3rd party transfer fees,...

One of the major topics of discussion at a round table discussion with HUD was Private Transfer Fees, aka 3rd party transfer fees,...

First off, HUD will only review packages submitted by the following entities: Lender, Builder/Developer, HOA, Management Company,...

FHA-allowed leasing restrictions in condominiums has been a hot topic as of late. As we all know, a condominium’s legal governing...

One of the topics on HUD’s agenda for the round table session last month was that of “Airbnbs”.  We have to admit that even with all of...

This is one of the most commonly-asked question that we receive.  The better question to answer is Which types of condominiums are NOT...

In the spirit of summer, we are going to revisit an old topic about nudist colonies. Condominiums come in all sorts of shapes and sizes...

So when don’t the contributions count towards the 10%? When the funds are already delegated to fund an existing liability

Because the Association has the authority to terminate leases, it violates 24CFR203.41(b) “free assumability”

there are 9 different circumstances where the condominium must be reviewed by HUD (HRAP)

The section of the National Housing Act, 24CFR203.41, states that properties encumbered with FHA-insured loans must have free assumability with no restrictions except as stated in this section

If the legal governing documents prohibit Airbnb, the project is eligible for approval.

FHA only allows a handful of leasing restrictions; one of them is that units cannot be used for transient leasing