President Obama Signs Legislation Modernizing FHA Condominium Approvals
The White House announced President Barack Obama has signed H.R. 3700, the Housing Opportunity through Modernization Act. H.R. 3700 is now federal law. H.R. 3700 reforms the process used by the Federal Housing Administration (FHA) to determine if condominium unit owners qualify for a mortgage with FHA insurance. FHA does not originate mortgage loans, but instead insures mortgages against default. Read the article……………..
According to The Times Herald, Montgomery County Common Pleas Court Judge Bernard Moore lifted the more that two-year-old condemnation order
Our reports on the civil oral arguments of the Illinois Supreme Court’s November term conclude with Poris v. Lake Holiday
Community Association Rental Policies: New Law Provides Leniency for Servicemember Rental Applications (FL)
Community associations which have rental restrictions and policies that require association approval of prospective tenants should be cognizant of a