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…………….
In the end, it is the homeowner’s association and its management company that should go to bat for the residents
Neither a Community Association Nor its Management Have Liability under the Federal Fair Debt Collections Practices Act
We have had to extricate several of our clients from claims or lawsuits relating to the federal Fair Debt Collections
CAI members impacted by Hurricane Sandy are facing high recovery costs as local governments are being denied Federal Emergency Management