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FHA Condominium Certification Process

Changes on the Way for FHA Condominium Certification Process

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Preparing a Community’s Grounds for Winter: What Associations Can Do Now

While it’s true that harsh winter weather, snow plows and ice melting chemicals can cause destruction to a community’s grounds, there are a number of steps associations can take to minimize the damage to their properties. 

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Association Fees on Owners’ Credit Reports?
Benefits and Pitfalls of New Credit Reporting Capabilities

Late payers beware. Community associations now have the ability to report delinquent assessment fees to Equifax, thanks to a recent agreement the major credit bureau entered into earlier this year with Sperlonga Data & Analytics. 

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Regulating Holiday Decorations Within Associations

As Halloween approaches, followed by the winter holidays shortly thereafter, associations should ensure that policies regarding holiday decorations are in place for residents to follow. Such rules must be reasonable, and more importantly, legal. 

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Changes on the Way for FHA Condominium Certification Process ?

The Housing Opportunity Through Modernization Act (H.R. 3700) was signed into law on July 29, 2016 with the intention of reforming the Federal Housing Association (FHA) loan program for community associations. The FHA serves to insure mortgages and because of that, it has to be attentive to risk, said Philip Sutcliffe of Project Support Services in Lansdale, Pennsylvania, a company that assists condominium associations with FHA certifications and recertifications. He explained that the FHA’s policy is to insure loans in communities that offer a reasonable expectation that the loans are going to get paid on time.