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FHA Extends Temporary Condominium Approval Guidelines
As expected, FHA extended the effective date of Mortgagee Letter 12-18 until August 31, 2016; the provisions in ML12-18 were due to...

Neil Caron
Sep 1, 20141 min read
FHA’s “6-Month Window” for Condo Recertification
FHA’s “6-Month Window” for Condo Recertification This week I received a call from a property manager who was concerned that the 6-month...

Neil Caron
Aug 29, 20142 min read
Critical FHA Condo Approval Requirements to Sunset 8/31/14
Critical FHA Condo Approval Requirements to Sunset 8/31/14 Unless FHA releases a new Mortgagee Letter in the next few days, the temporary...

Neil Caron
Aug 28, 20142 min read
FHA Eliminates So-Called "Pre-payment Penalties" for Loan Payoffs
FHA Eliminates So-Called "Pre-payment Penalties" for Loan Payoffs Yesterday, August 26, 2014, HUD modified its procedure for interest...

Neil Caron
Aug 27, 20142 min read
My Condo’s FHA Approval Expired – Can We Still Close?
As FHA/VA Condominium Project Consultants, we do not typically get involved with the “loan level” side of things. Our primary objective...

Neil Caron
Aug 13, 20142 min read
What are the Pros/Cons of FHA Loans?
The Federal Housing Administration, or FHA, is a mortgage loan insurance provider. FHA is housed with The Department of Housing and...

Neil Caron
Aug 13, 20142 min read
Does FHA Allow an Association’s Right of First Refusal?
A Right of First Refusal is fairly common language in the legal governing documents of condominiums. Often, we are asked by Board...

Neil Caron
Aug 6, 20142 min read
FHA Condo Approvals – Impact of Affordable Rental Units
A recent inquiry that I received was regarding the impact of Affordable Rental Units on an FHA Condo Approval. The real estate agent...

Neil Caron
Jul 28, 20142 min read
Mixed Use Condominium Exception Requests for FHA Condo Approval
Mixed-use condominium projects may be eligible for an FHA condo approval if they meet these two additional basic requirements: The total...

Neil Caron
Jul 25, 20142 min read
Can A Mixed Use Condominium Get an FHA Condo Approval?
Following my article in the Charlotte Observer last Saturday, a developer contacted me regarding an FHA condominium approval for his...

Neil Caron
Jul 25, 20143 min read
Congratulations on your new home!
Hello! I just wanted to send out a personal "Thank You" for assisting us in getting our new home! It was quite the journey, with a...

Neil Caron
Jul 23, 20141 min read
Eric Boucher's Trip to HUD HQ in DC and what he learned Part One
Nice Photo with you and Sen. Al Franken. Looking forward to reading more about your trip and what kind of changes HUD is going to be...

Neil Caron
Mar 27, 20141 min read
Tax Breaks That Every Homeowner Should Know About | AOL Real Estate
Great article on some of the tax breaks owning a home could possibly provide for you. Click here to read the whole story! .

Neil Caron
Feb 25, 20141 min read
What is the difference between a condominium and a townhouse?
Our FHA condo approval specialist Eric Boucher answers this question in one sentence! for the whole story click here

Neil Caron
Feb 25, 20141 min read
Ashford Business Association 2nd Annual Business EXPO
This Saturday, February 1st 2014 the Ashford Business Association will be having their 2nd Annual Business EXPO. Gary Stevens from...

Neil Caron
Jan 29, 20141 min read
Who knows more about credit Women or Men? The Poll says......
Women! Most of the poll questions showed women to be more knowledgeable when it came to credit. One of the keys things I read was that...

Neil Caron
Jan 16, 20141 min read
What is a qualified mortgage? What lenders and realtors need to know.
Straight from the CFPB ( Consumer Financial Protection Bureau ) these are the new guidelines that just took effect. One of the main...

Neil Caron
Jan 16, 20141 min read
14 changes ahead for home mortgages - MSN Real Estate
Some of these changes will happen sooner rather than later. 14 changes ahead for home mortgages - MSN Real Estate .

Neil Caron
Jan 15, 20141 min read
USDA has decided to delay any changes to the USDA eligible town map
The good news is they've decided to delay any changes to what towns are eligible, the bad news is it's not permanent. USDA loans are a...

Neil Caron
Jan 15, 20141 min read
10 Ways a Bad Credit Score Can Hurt You
Did you know having bad credit can hurt your ability to get a job? It is legal for would-be employers with your permission to look at...

Neil Caron
Nov 7, 20131 min read
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