On a condo board? One of your new year’s resolutions should be to look at obtaining Federal Housing Administration (FHA) approval for your condominium association. FHA approval helps ensure that units for sale in your building are marketable to the widest range of borrowers.  The FHA is one of the only organizations that has established approval criteria for condominiums that looks at the association’s key operational fundamentals. FHA approval is seen as a sign of a well-run association even for buyers not using FHA financing. Because the FHA requires the entire association to be approved prior to any individual FHA-backed mortgage being issued, it is a good idea to have the approval in place prior to any FHA buyer coming to the table.    Read the article………………..