ARCHIVED BLOG POSTS
Why Do I Keep Hearing About 24CFR203.41? After working with FHA Condominium Project Approvals even for a short time, you will run into a condominium’s legal documents that violate 24CFR203.41. This section of the Code of Federal Regulations relate to the exemptions of what is called “free assuma...
This Leasing Restriction Will Prevent FHA Condo Approval I recently fielded a referral from a reverse mortgage broker. His client lives in a condominium and cannot obtain a reverse mortgage due to the condominium not being on the FHA Approved Condominiums list. He contacted me to see if we coul...