Tag Archives: used

FHA Fact Sheet

1.  If it isn't an FHA loan being used to purchase a unit, chances are the buyer is an investor.  Because over 80% of buyers are now using FHA loans, the remaining buyers are usually investors who cannot use an FHA loan to purchase.  An...

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NJ: Judge wants compliance on dams

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

A Superior Court judge has ordered developer Joseph Samost to pay a daily $1,000 penalty until he complies with a directive to deposit $250,000 with the court to be used toward reconstruction of Kenilworth Lake dams
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FL: Affidavit: Maze of bank accounts used in Bonita Springs condo embezzlement

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

They called the transactions “shareholder loans.” Over three years, Charles Bennett III and Kenneth Marwick moved hundreds of thousands of dollars in condominium association fees into and out of multiple bank accounts they controlled and used for personal expenses, according to an affidavit.
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