|Re: FHA Condo-Approval||<– Date –> <– Thread –>|
|From: Kay Wilson Fisk (caseyjacketsgmail.com)|
|Date: Tue, 22 May 2012 10:39:13 -0700 (PDT)|
I read something recently that claimed that if you had FHA approval, you couldn't amend your Declaration without FHA approval. There were no details. Does anyone know anything about this? Kay Meadow Wood Bremerton, WA -----Original Message----- From: Christine Johnson [mailto:manzjohnson [at] netzero.net] Sent: Sunday, February 05, 2012 11:58 AM To: cohousing-l [at] cohousing.org Subject: Re: [C-L]_ FHA Condo-Approval Sharon Villines, wrote: >> We hired a company in Seattle that specializes in getting approvals >> for condos, Home Advantage Group, for $500. Our Admin Team asked >> around and this was considered a reasonable fee, particularly since >> we don't pay if we aren't approved. > > I forgot to mention that our lawyer, whom we like a lot, would have > charged us $2,500. So shop around. Another consideration before anyone is tasked with spending the time required, is to review current and rules pending on FHA's qualifications. Home Advantage Group's fee $500 sounds like a good deal compared to their competitors. Home Advantage Group may however, be able to come in at this low rate because the client is doing a good part of the work which Home Advantage Group orchestrates. There are in addition, pros and cons to qualifying. For my own community, the good news/bad news is that because of the percentage of investor owned property in the COA, we are not eligible for FHA financing. The Community Associations Institute has quite a lot of detailed information at: http://www.caionline.org/govt/MortgageMatters/FHA/Pages/default.a spx Christine Johnson Stone Curves Cohousing Tucson, AZ ____________________________________________________________ 53 Year Old Mom Looks 33 The Stunning Results of Her Wrinkle Trick Has Botox Doctors Worried http://thirdpartyoffers.netzero.net/TGL3241/4f2edf34ec7a2d97089st 01duc _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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