Tag Archives: expire

Five Questions for The U.S. Department of Housing and Urban Development

In December, Federal Housing Administration approval of condominiums began to expire.  FHA approved mortgages account for an estimated 40 percent of financing in condominiums.  Without FHA approval, owners may have a hard time selling their units.  HUD is administering the new approval process and insurance requirements, which are set forth by Mortgagee Letter 2009-46 B.

 

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KY: FHA Condominium Certification Deadline Extended at the Last Minute

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Many condominium projects previously approved by the Federal Housing Administration (FHA) were due to have their approvals expire on December 7, 2010, but FHA has officially announced that those expirations will be pushed back to allow more time for renewal requests to be processed.
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