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...

12/11/2014

This Leasing Restriction Will Prevent FHA Condo Approval

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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...

12/10/2014