FHA Proposes Condominium Rules Update (CAI)
On September 27, 2016, the Federal Housing Administration (FHA) released a proposed regulatory update to its condominium unit mortgage insurance program. On balance the rule has many positive aspects, including a limited “spot approval” process. The rule further allows individual condominium projects to receive an exemption to approval criteria on a case-by-case basis (excepting activities specifically addressed by statute, e.g., transient housing). The rule does not address association lien priority. Read the article…………….
Laurie Vanover will have her day in court. Accused of looting nearly $192,000 from the Stratford Property Owners Association where
The Michigan Condominium Act was enacted in 1978 and is now over thirty-five years old. While significant amendments were made
Frequent fliers offer up a silent prayer each time they board a plane: Please, God, don’t let me be seated