FHA/VA Condo Project Approvals

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Visit RSL Condo Team at the CAI-NJ Expo on November 8 at Booth 529Stop by booth 529 at the CAI-NJ Annual Conference and Expo this Saturday, November 8, 2014 to welcome the newest members of CAI-NJ: RSL Condo Team members Emily Englander and Eric Boucher. RSL Condo Team specializes in FHA, VA and ...
FHA Rejected Condo for Transient Usage...Still Scratching My Head Last year, HUD released FHA Info #13-42 which clarified its stance on Transient Usage as it pertains to condominium project approval.  Transient usage is allowing the rental of a property (including a condominium units) for less th...
Mortgage loan officer George Souto is one of the premier experts on all things related to mortgages and banking.  He is an avid blogger and anyone with ANY ties to mortgages and real estate should be following his blog for the most up-to-date information about mortgages. On Friday, October 24, 20...
Anita Clark is the queen of infographics and is a must-follow avid blogger here.  Below is one about suggestions to reduce our energy costs that everyone should read.   Please click the link and comment directly on her post. Energy Cost Savings for Homeowners Heating and cooling costs can eat thr...
Lender Won’t Close the FHA Condo Loan We have discussed in a previous article that an FHA condo loan can still close even if the condominium’s FHA approval has expired.  That is provided, however, that the FHA case number was assigned to the loan prior to the expiration of the approval.  The lend...
How Many Community Associations Are in Your State? The Community Associations Institute (CAI) publishes a report about the national statistics of community associations.  Among other data, it includes information about the national number of community associations, a rough number of community ass...
It’s Budget Season - Don’t Forget About Reserves! For many condominium association Boards of Directors, it’s budget season as the members work to produce a budget for the start of the new fiscal year in January.  This is why we wanted to send out a quick reminder about the importance of funding t...
Kristin Johnston's article below is the most comprehensive list that I have seen regarding the many steps those of us in the north should do before winter arrives.  Please comment on her original article. Tackle these tasks early to avoid the rush, and to help keep you and your home safe and warm...
I’m Sorry.  You’re Still a PUD In 2011, I was hired by a community to facilitate an FHA Condo Approval.  I went through the typical pre-screening process and everything checked out.  We completed an agreement and I collected the retainer. When I received the legal documents from the property mana...
North Kingstown Rhode Island Condo Sales 2013 As we make our marketing push into our neighboring state of Rhode Island, we must be able to speak intelligently about the condominium market of the state.  As mentioned in the Rhode Island Real Estate article, Rhode Island has the second highest popu...

Eric Boucher

The FHA/VA Condo Project Approval Guy
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