New FHA proposal puts reverse mortgages above HOA super liens
The Federal Housing Administration proposed a new rule today that could strengthen its Home Equity Conversion Mortgage Program. Perhaps one of the largest reforms, is the prioritization of the HECM lien above all others — the establishment of a so-called “super lien.” “This rule proposes to require, as a condition for a HECM to be eligible for loan assignment, that the HECM mortgage be in lien status prior to homeowners association and condo association liens,” the proposal states. Read the article…………….
Businesses Can Collect On Their Own Debts Without Being Subject To Fair Debt Collections Practices Act (FDCPA) (MD)
When litigating cases under the Fair Debt Collections Practices Act (“FDCPA”) one of the more difficult issues is defining exactly
Osceola County legislators are considering a bill that would reform the way homeowners associations elect leaders. But the bill may
After the hearing held on January 2, 2015, DORA has adopted 3 emergency rules regarding manager licensing. The rules pertain