ARCHIVED BLOG POSTS

2014 

Ten Condo Units that Don’t Exist In my business of FHA Condo Approvals, I get to see and hear about all kinds of unusual situations about condominiums.  While at a lunch meeting yesterday with an attorney-friend, he spoke about one very interesting issue that was recently uncovered regarding one ...
05/08/2014
New FHA Guidance to Be Released on Private Transfer Fees This week, Ken Harney released an article on Inman News titled Upcoming FHA Rule Could Squeeze Homebuyers and Sellers.  The topic of the article was new rules regarding third party/private transfer fees that FHA is expected to release next ...
05/07/2014
Trouble Comparing FHA's Loan Performance to Fannie Mae’s One of the most common objections that I hear from condominium associations about obtaining an FHA condominium approval is that they don’t want “those buyers” here.  While that is not phrased well, what they mean is that they think FHA borr...
05/06/2014
Do We Qualify as "Site Condos" in the Eyes of FHA? I bet that I field as many questions about “Site Condos” as I do for any other topic regarding FHA Condo Approvals.  Yesterday, I received a phone call from a gentleman whose condominium project consists entirely of detached units.  I sent to him...
05/05/2014
And The Best Performing FHA Loans Are…Condos?? There is no question that HUD’s website is very expansive.  It is so large that it can be overwhelming for folks to simply access it and peruse through the forms, letters, handbooks, guidebooks, updates and lists, just to name a few! For anyone inter...
05/02/2014
Co-Insurance for Condominiums...What?? Yesterday, I received a call from a property manager with whom we work to help his clients to obtain FHA Condo Approvals.  One of his clients that is currently on the FHA Approved Condominiums List was inquiring about the impact of co-insurance to their FHA ...
05/01/2014
FHA Condo Approvals – Insurance Requirements One of the facets of the application for FHA Condo Approvals is the scrutiny of the existing insurance policies.  This is done twice: at the project level and at the loan level.  The project level is when the condominium project as a whole is applying ...
04/30/2014
Rainmaker
351,596

ReadySetLoan Team

Residential, Commercial & Condo Financing Experts
local_phone860.993.1411
Contact The Author