New lending rules for condominium buyers are already forcing some developers to change or scrap plans for new projects for fear too many buyers will be shut out. Originally from Community Associations Network National
The Federal Housing Administration began enforcing new rules Monday that it said will help more condominium buyers qualify for mortgages. Originally from Community Associations Network National
New Federal Housing Administration condo-loan guidelines that took effect Dec. 8 could make it much easier for condo buyers to get a loan. Originally from Community Associations Network National
Condo owners could be looking at some changes in FHA lending rules that could negatively impact the price of their homes Originally from Community Associations Network National
Due to an overwhelming number of requests to approve condo projects, the US Department of Housing and Urban Development (HUD) said its response times have exceeded 72 hours Originally from Community Associations Network National
Q As a real estate broker, I contacted the secretary of a condominium association to see if it has a right-of-first-refusal clause in the association documents and whether the complex is Federal Housing Administration approved Originally from Community Associations Network National
Reporting from Washington – Condominium owners who are trying to sell in today’s agonizingly slow housing market should make sure that their community is on the Federal Housing Administration’s approved list. Ditto for someone who is thinking about refinancing a condo. Originally from Community Associations Network National
Many condominium projects previously approved by the Federal Housing Administration (FHA) were due to have their approvals expire on December 7, 2010, but FHA has officially announced that those expirations will be pushed back to allow more time for renewal requests to be processed. Originally from Community Associations Network National
Selling a condominium in this troubled market hardly needed to get any more difficult. Originally from Community Associations Network National
Leasing restrictions have been one area of the FHA condominium guidelines that has caused problems for associations seeking to get FHA approvals. CAI has brought this issue to FHAs attention and has petitioned FHA to review these criteria. On March 18, 2011, FHA issued a waiver that will provide greater flexibility on leasing restrictions under [...]
