FHA pulls rug from under resident’s retirement

Her three-bedroom condo in Talega Gallery no longer qualified for Federal Housing Administration-insured loans. As a result, she can’t get a reverse mortgage.  Even more aggravating is that Talega Gallery actually does not violate the FHA rules, which ban FHA financing for condos with private “transfer fees” paid to an activities fund when a home is sold. Neighboring associations in Talega pay those fees, but Talega Gallery does not.      Read the article…………….


Related Articles

Kitchen fire destroys top floor of Fraser (MI) condo complex

A careless cook is suspected of starting a three-alarm fire at a Fraser condominium complex Tuesday night that left at

Homeowners’ group wants road deeded to township (PA)

Other than wanting to help resolve the matter, Kennett Township officials say they “don’t have a dog in the fight”

Bixby man charged with embezzling from homeowners’ association

Prosecutors have charged a Bixby man of embezzling nearly $18,000 from a homeowners’ association.     Read more……