by Douglas C. Shumway | Aug 31, 2016 |
One of the things that creates an obstacle for some associations in obtaining FHA certification is the requirement that 50% of the units must be owner-occupied. A new law changes this requirement, however, in a way that benefits condo associations, purchasers, and developers. On July 29, 2016, President Obama signed into law the Housing Opportunity Through Modernization Act (passed by unanimous vote in the US House of Representatives), which changes FHA requirements for condominium certification. Read More...
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by Burke Nielsen | Jul 7, 2016 |
A survey found that nearly 62% of American households have less than $1000 in savings or no savings at all. Numbers like this make it difficult for special assessment to be successful and make the HOA loan option a bit more attractive. But what are you really getting into with an HOA loan? Read More...
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