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FHA Approval Twists for HOAs: Discussion Forum Follow-Up

FHA Approval Twists for HOAs: Discussion Forum Follow-Up

A reader writes, “We have been notified that we must apply for FHA approval to provide reverse mortgages for our homeowners. We’ve had FHA approval since 1978. However, we must now begin the process all over. Our master deed contains a ‘right of first refusal’ covenant, which, according to our lender, FHA won’t approve. Has anyone encountered this problem and, other than amending the master deed, come up with a solution?” . . . (to read the remainder of this article, please log in below.)

Authors: Superadmin

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