As we reported yesterday, FHA released Mortgagee Letter 2012-18 on September 13, 2012.  A summary of the changes, that are most important to existing condominium associations, are discussed below.  Now is a good time to reevaluate whether your community meets the threshold requirements: The delinquent assessments requirements have been changed to set forthGo to Resource
The long awaited revisions to the FHA Condominium Project Approval Guidelines were released today.  The revisions are contained in Mortgagee Letter 2012-18 and apply to any applications for approval or recertification filed after today.  The 12 page mortgagee letter contains revisions to key requirements such as non-residential/commercial space (live/work projects), investor ownership, ownerGo to Resource
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