CAI’s In Focus Magazine Article – “About FHA Approval” by FHA Review’s Natalie Stewart

View the full magazine here. In 2010, the FHA made significant changes to the way they approach insuring mortgages for loans made to purchase Condominiums.  Prior to this date, Condominium Communities were given an “FHA Approval” status that never expired. If a complex was not approved, lenders were able to “Spot Approve” single units within.. read more →

05 Nov 2012
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Council passes bill aimed at helping condo buyers

By Lindsey McPherson, lmcpherson@patuxent.comMay 7, 2012 | 10:12 p.m. The County Council Monday unanimously passed a bill that will prohibit a property owner from obtaining a county rental license if they are more than 30 days behind on their condominium association or homeowner association fees. “The key is that we want to ensure that those who are renting.. read more →

16 May 2012
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Nation’s Housing: Major condo headache

By: REBECCA MCILWEE | TriCities.com Published: May 13, 2012 WASHINGTON— Is a little-publicized switch in federal mortgage policy causing huge problems for condominium sellers, buyers and homeowner association boards across the country — even depressing prices and blocking refinancings? Condo industry leaders, from the 30,000-member Community Associations Institute to individual unit owners and realty agents, are emphatic that.. read more →

16 May 2012
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FHA Approvals: Florida to California

By Paul Owers, Sun Sentinel9:25 p.m. EST, November 27, 2011 Sellers of South Florida condominiums, buffeted by the devastating housing downturn, are bracing for another blow caused by prospective buyers’ problems getting mortgages. Buyers who want loans backed by the Federal Housing Administration are being shut out of buildings that no longer qualify for FHA financing. That likely will.. read more →