FHA Project Approval - Essential for nearly all condominium communities

 

Since the virtual collapse of secondary market financing options for the purchase and refinance of condominium units occurred several years ago, it is more important than ever for Condominium projects to obtain certification from the Federal Housing Administration (FHA), the Veterans Administration (VA) and Fannie Mae.   FHA and VA currently account for an overwhelming majority of the available financing options for condominium units in today’s market. 

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Legal Services

The community association law team provides a wide array of legal services at a reasonable cost for community associations drawing upon a great deal of experience in dealing with these types of issues:

  • assisting you in enforcing your covenants and rules in a responsible way which will gain compliance but not at the price of alienating your members
  • interpreting and amending your declaration, bylaws and rules drafted by your developer or previous boards which are proving problematic
  • drafting of new enforceable rules at the request of the board
  • conducting work sessions to educate new board members or the board at large on their responsibilities under the law and the documents
  • giving good practical advice on such topics as architectural guidelines, insurance provisions, leasing restrictions and common area liability
  • analyzing claims you may have against your developer for construction defects