ARCHIVED BLOG POSTS

2014 

Condominium Market Data for Newington, CT This week, our office received notice that Foxboro Condominiums in Newington, CT, was approved with FHA.  This sparked me to pull down and analyze the Condominium Market Data for Newington, CT.  Newington is Hartford’s neighbor to the Southwest and has a ...
01/30/2014
FHA Condo Approvals – I Disagree. Transient Leasing is Not Possible This is Part 2 of the series about leasing restriction issues with FHA Condo Approvals.  This one wasn’t as difficult to overcome as the condominium that I discussed in Part 1: Restricting Leasing to Family Members. This condomin...
01/29/2014
Why Aren't These Condominiums Approved with FHA? In compiling data for condominium market reports, I spend time on the FHA Approved Condominiums List.  It is a public site that any of us can visit and look up which condominiums are approved with FHA and which were rejected and why. Sometimes the...
01/28/2014
The ActiveRain Community - Neighbors Helping Neighbors As part of Lynn Friedman’s January Challenge, we were asked to write about the Weltanschwang…no that’s not it.  The Westonskiing…no, that’s not it either.  Anyways, it’s a German word that translates into English to mean “world view” or “guid...
01/27/2014
FHA Condo Approvals – Leasing Restricted to Only Family Members? Over the course of the past several months, we have assisted many condominium projects to get on the FHA Approved Condominiums List.  The most common issues in working to get the projects approved have been financial issues and leas...
01/26/2014
Condominium Market Data for Enfield, CT For this installment of Condominium Market Data, I moved up to Enfield, CT.  Enfield is not a neighbor to our South Windsor location but I recently linked up with a property manager who handles several condominium projects in Enfield and asked that I put to...
01/24/2014
Foxboro Condos in Newington, CT – Approved with FHA We are pleased to announce that Foxboro Condominiums in Newington, CT, is now on the FHA Approved Condominiums List.  FHA and CHFA financing options are now available for purchasing or refinancing units in the project. Foxboro is a 68-unit condo...
01/24/2014
FHA Condo Recertifications - How Long Does it Take? I had written one article with all of the FAQ's for FHA Condo Recertifications but it was nearly 900 words long!  So I broke it up into two separate articles that contain the most common questions I receive regarding FHA Recertifications. How lo...
01/22/2014
FHA Announces Revisions to Manual Underwriting Requirements Today, HUD released Mortgagee Letter 2014-02 which provides revised manual underwriting guidelines to FHA Title II forward mortgages.  FHA will be hosting a conference call on the revisions on January 29, 2014.  Those interested in atten...
01/22/2014
First Board of Finance Meeting as Chairman and I Was Late! Last night, I got my first Board of Finance meeting as Chairman under my belt...and I was late!  Thankfully, everyone understood.  It was snowing and I got stuck behind an armada of plow trucks for 7 miles on I-84.  I had allowed an extra...
01/21/2014
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The FHA/VA Condo Project Approval Specialists
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