RECENT BLOG POSTS
FHA Condo Approvals – HUD’s Email List In working with HUD to get condominium projects approved, I have found it invaluable to be on HUD’s email list. HUD sends out at least one, and sometimes several, newsletters a week that contain updates, notices for training opportunities, contact informatio...
07/11/2014
FHA Condo Approvals – HUD Offices Closed Nationwide   As a reminder, HUD announced to the public that it will close its offices every alternate Friday until the end of August due to government spending cuts that took effect on March 1, 2013.   The other scheduled closures will be on:   ·        F...
07/11/2014
FHA Condo Approval Specialists – Update on Non-Residential Space   In Mortgagee Letter 2012-18, HUD issued new guidance for condominium processing and approvals regarding a number of criteria.   One such modification pertains to non-residential (commercial) space located within a condominium proj...
07/11/2014
FHA Condo Approvals – HUD Offices Closed Nationwide   HUD announced to the public that it will close its offices on Friday, June 14 due to government spending cuts that took effect on March 1, 2013.   The other scheduled closures will be on: ·        Friday, July 5 ·        Monday, July 22 ·     ...
07/11/2014
FHA Webinar Today: Condominium Project Approvals Today, FHA is conducting a webinar on condominium project approvals.  To my knowledge, it is the first webinar of its kind held by FHA. The webinar is titled “FHA Condominium Approval Process” and the subject content will include: ·        Determin...
07/11/2014
  We Don’t Want “Those” Kinds of Buyers Here   One of the facets of my career is helping to educate the homeowners associations why it is so important to get their condominium project approved with HUD.  At times, it is interesting to me at how difficult this undertaking can be. I can understand ...
07/11/2014
Where Do I Send My FHA Condominium Approval Submission? I get many emails that are generated by my ActiveRain blog.  This morning I received one that asked “where do I send my FHA condominium approval submission?” Several years ago, HUD had local offices located in each state and they consolidate...
07/11/2014
  Shall We Obtain Employee Dishonesty Insurance for “Settlement Funds”?   Two weeks ago, I wrote about HUD’s requirement for Employee Dishonesty/Fidelity Insurance for condominium project approval.  HUD requires that HOA’s obtain this insurance coverage in the amount of 3 months’ aggregate common...
07/11/2014
FHA Condo Approvals – The By-laws Aren’t Recorded or Signed! I have run into this dozens of times and this simple work-around is one of many that we have learned from working with HUD.  The Condominium Project Approval and Processing Guide does not mention this nor do any of the Mortgagee Letters...
07/10/2014
FHA Condo Approvals – Child Labor It’s summertime and the kids are out of school.  Mine are 16 and 12 and are [fairly] responsible so they can be left home for a few hours at a time while I run around to town halls and the Secretary of State’s office to collect documents. My younger guy, Zac, lik...
07/10/2014
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ReadySetLoan Condo Approval Team

The FHA/VA Condo Project Approval Specialists
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