FHA/VA Condo Project Approvals

FHA Eliminates So-Called "Pre-payment Penalties" for Loan Payoffs Yesterday, August 26, 2014, HUD modified its procedure for interest charges when an FHA loan is paid off.  As of January 21, 2015, lenders will only be allowed to collect interest from a borrower up until and including the date on ...

FEMA’s New Site is Very Cool! Part of the submission package for FHA condominium project approval is to supply FHA with a FEMA flood map which outlines the property boundaries of the condominium.  Several months ago, I wrote about how FEMA had modified their site.  Well, they did so again recentl...

FHA Condo Approvals – Ask Mr. Condo Bob Gourley is Mr. Condo.  He is the Chair of the Public Relations Board of the Connecticut Chapter of CAI.  His Ask Mr. Condo site is a place where folks can go and ask questions about anything condo.  It is a fantastic resource for condo and other community a...

Mixed Use Condominium Exception Requests for FHA Condo Approval Mixed-use condominium projects may be eligible for an FHA condo approval if they meet these two basic requirements: ·        The total floor area of the non-residential space is 25% or less (calculations must be provided) and ·      ...

Can Our Mixed Use Condominium Get Approved with FHA? Following my article in the Charlotte Observer on Saturday, a developer contacted me regarding an FHA condominium approval for his mixed use condominium building.  It is a 3-story building with 20 residential units on the top two floors.  The f...

I was in the Charlotte Observer on Saturday! Earlier this year, an attorney in the Charlotte, NC, area contacted me after reading my ActiveRain blog.  He provides a weekly column in the Charlotte Observer in the Homes section.  Occasionally, he submits articles from guest columnists and asked me ...

Everything I Needed to Know About Business, I Learned in a Restaurant From the time that I was 20 years old, I wanted to make a career in sales.  The thought of not having an income ceiling was much more appealing than being salaried at a desk.  There was only one problem: I was socially inept.  ...

It was long overdue but we have finally begun an email campaign.  We would have tackled it sooner but have focused our energy on face-to-face meetings and on blogging/social media.  Our first emailing went out this week to our mailing list of over 800 business and referral partners.  We are excit...

Patricia Kennedy is a real estate agent and blogging extraordinaire in Washington DC.  Her real estate blog is one of the most prolific that you will find online.  She regularly posts articles that are pertinent and important to Washington DC real estate and also general tips that can be applied ...

I am the Chairman of the Board of Finance In August 2011, I moved to the small town of Union, CT.  In fact, we moved in the weekend Hurricane Irene hit our state and we were out of power for a couple of days.  Incidentally, we were clobbered two months later with an early snowfall that knocked ou...