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What is FHA as it Relates to Condominium Associations: Pros and Cons

What is FHA as it Relates to Condominium Associations: Pros and Cons

HOA | Condo Legal, HOA | Condo Financial

Since 2010, the FHA has required that entire condominium associations be certified before granting FHA backed loans to home buyers. Prior to 2010, the certification was only required for the individual unit. Condominium associations considering FHA certification must understand the FHA organization and what constitutes eligible projects. Equally important is understanding the truth regarding common FHA misconceptions.

By Staff Writer on Jan 18, 2018 8:00:00 AM
   
What is FHA as it Relates to Condominium Associations: Pros and Cons

Since 2010, the FHA has required that entire condominium associations be certified before granting FHA backed loans to home...

By Staff Writer on Jan 18, 2018 8:00:00 AM
Detecting and Preventing Theft, Fraud, and Embezzlement in HOAs

All too often, HOAs are the unfortunate targets of theft, fraud, and embezzlement. In some cases, embezzlement and other...

By Staff Writer on Jan 11, 2018 8:01:00 AM
Financial Review vs Audit - What HOAs and Condominiums Need to Know

The end of the year is approaching fast. One of the many things homeowners associations (HOAs) and condominium associations...

By Staff Writer on Dec 27, 2017 8:00:00 AM
What Foreclosure Means to Your Homeowners Association

Foreclosure is a bit of a dirty word. Nobody wants to see anyone thrown out of their home - but it happens.

There are...

By Staff Writer on Dec 12, 2017 8:00:00 AM
Creating an HOA Budget Committee

Your homeowners association has set up a board of directors that will help govern the HOA. Not every responsibility,...

By Staff Writer on Oct 24, 2017 8:00:00 AM
HOA Taxes | What Tax Forms Are HOAs Required to File?

In the United States, there are more than 351,000 Homeowners Associations (HOAs).  They represent about 40 million...

By Staff Writer on Sep 19, 2017 8:00:00 AM
Proactive HOA Budgeting for Your 2018 Capital Improvement Projects

Proactively planning your 2018 capital improvement projects is a key step in your 2018 HOA budget preparation process....

By Staff Writer on Sep 5, 2017 10:53:52 AM
5 Tips About How HOA's Determine HOA Assessment Rates

There is a lot about the question how are HOA assessment HOA rates determined that you may not know; indeed, here are five...

By Staff Writer on Jul 18, 2017 8:00:00 AM
Understanding the Why's Behind an HOA Special Assessment

 

An HOA special assessment is a fee that is charged to each housing unit within a development, to be used to cover an...

By Staff Writer on May 30, 2017 7:30:00 AM
HOA Accounting | Understanding Different Methods Available

 

There are three main methods of accounting that HOA management companies use. These are GAAP accounting (accrual...

By Staff Writer on Apr 25, 2017 7:30:00 AM