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
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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
Last week, a gunman who had a long-standing dispute with his association over deed restrictions, shot and killed one person and critically wounded a second at his association’s meeting in Louisville, Kentucky. The incident occured during an association meeting being held in a community church. This, as well as the other violence we’veGo to Resource
It seems as though every time I turn on the TV there are stories encouraging us to “go green” and conserve energy. From commercials highlighting the benefits of switching to LED light bulbs to installing high efficiency air conditioners, we are constantly reminded of the good each of us can do. But beyondGo to Resource
Anti-Wal-Mart yard signs began appearing last month in neighborhoods surrounding the 9th and Colorado redevelopment project in advance of a public meeting on the project. If your association is faced with a potentially unwanted development next door, what is the association’s responsibility? Whether it’s a Wal-Mart or a Dollar General store, boards areGo to Resource