RECENT BLOG POSTS
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
Condominiums Spent Budgeted Reserve Contributions Elsewhere In recent months while assisting condominiums to get certified and recertified with FHA, we are running into an issue that is a fairly simple one to avoid.  We make it a point to remind our clients to contribute at least 10% of the budge...
11/24/2014
Conventional Condo Loans Rejected by Lender for Comments on FHA’s Site Recently, we were contacted by a property management company for assistance with an FHA condominium project approval.  The project had been submitted to and was rejected by FHA for three reasons.  Yesterday, the property manag...
11/19/2014
Return of FHA Condo Spot Loans? This past weekend, I was mentioned in a Ken Harney article.  He called me two weeks ago to revisit a topic that we had earlier discussed: the possible return of FHA Spot Loans for Condominiums. Following the article, I was contacted by a colleague who asked me if I...
11/13/2014
Ken Harney’s Beating On FHA Again This past weekend, I was mentioned in a Ken Harney article.  He called me two weeks ago to revisit a topic that we had discussed in April: the possible return of FHA Spot Loans for Condominiums. While I am honored that he chose to cite me in the article, I don’t ...
11/11/2014
That’s Your Dog’s Poo - I Have the DNA to Prove It Over the weekend, we exhibited at the CAI New Jersey Conference and Expo.  There was a fantastic turnout and we met a lot of people.  The most interesting vendor that we met was Debbie Huff representing a company called Poo Prints. A common issue...
11/11/2014
Visit RSL Condo Team at the CAI-NJ Expo on November 8 at Booth 529Stop by booth 529 at the CAI-NJ Annual Conference and Expo this Saturday, November 8, 2014 to welcome the newest members of CAI-NJ: RSL Condo Team members Emily Englander and Eric Boucher. RSL Condo Team specializes in FHA, VA and ...
11/06/2014
FHA Rejected Condo for Transient Usage...Still Scratching My Head Last year, HUD released FHA Info #13-42 which clarified its stance on Transient Usage as it pertains to condominium project approval.  Transient usage is allowing the rental of a property (including a condominium units) for less th...
11/04/2014
Mortgage loan officer George Souto is one of the premier experts on all things related to mortgages and banking.  He is an avid blogger and anyone with ANY ties to mortgages and real estate should be following his blog for the most up-to-date information about mortgages. On Friday, October 24, 20...
11/02/2014
Anita Clark is the queen of infographics and is a must-follow avid blogger here.  Below is one about suggestions to reduce our energy costs that everyone should read.   Please click the link and comment directly on her post. Energy Cost Savings for Homeowners Heating and cooling costs can eat thr...
10/30/2014
Rainmaker
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ReadySetLoanCondo Approval Team

The FHA/VA Condo Project Approval Specialists
local_phone860.993.1411
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