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…………….
Appellate Court Decision (FL): Unit Owner Loses Right to Redeem Property Back After Association’s Foreclosure
For years our firm’s community association attorneys have been counseling and working with our association clients to complete their own
These statutes require an association to give written notice of management committee or board of directors meetings via email to