Posted By


Eric Boucher

Title:
FHA Condo Approval Specialist

Company:
ReadySetLoan Condo Team LLC

Profile | Blog




I Challenge the Assertion the Condo is Not Approvable by FHA


Because the Association has the authority to terminate leases, it violates 24CFR203.41(b) “free assumability” Read More

Other Articles by Eric

Forget the Bathing Suits this Summer as a Nudist Community Tries to Get Approved through HUD for FHA Loans

That Doesn’t Count Towards the 10% Reserve Contribution

I Challenge the Assertion the Condo is Not Approvable by FHA

9 Types of Condo Projects that Must be Reviewed by HUD/HRAP

More About FHA’s Stance on Condominium Leasing Restrictions

Airbnb and FHA Condominium Approval

FHA Condo Approvals – Transient Leasing

FHA Clarifies its Position on Leasing Restrictions in Condominiums

Are Nudist Community Condominiums Allowed by FHA?

Automatic Power of Attorney is not Acceptable for FHA Condo Approval

Do You Sign Appendix A When You Submit a Condo for FHA Approval?

Does HUD Allow Private Transfer Fees?  Yes and No

The VA is Definitely Tougher on Condo Leasing Restrictions

Our Condominium Has 50% FHA Concentration – Now What?

How Does FHA Handle “Cloud” Condominiums?

What is a “Co-Housing” Community?

What Types of Condominium Projects are Approvable by FHA?

Can We Use Reserve Funds for Landscaping During Drought?

FHA Won’t Dictate How You Run Your Condominium

Board Doesn’t Want HUD to Affect Operation of Condominium

Property Manager Won’t Help With FHA Condo Approval

New Level of Scrutiny in FHA Condo Project Approvals

“Your Association and the FHA – What’s in it for me?” with Eric Boucher

Trying to be Slick with Legal Language

Our Condominium’s FHA Concentration is 75%, What Do We Do?

6-Unit Condominium Approved with FHA in 9 Days

But the Master Association Has Reserves

Can We Not Send that Document to FHA?

No Pooled Insurance Without a Master Condo Association

USDA Purchase Loans for Condo Units

USDA Rural Housing Program Maps

Can Our Condominium Get FHA Approved Before Construction?

Condo Unit Financing Almost Killed Due to Reserve Contribution

Can We Use Reserve Funds to Offset Excessive Costs From This Winter?

Importance of 10% Reserve Contribution to Condo Unit Financing

Mr. Condo Beats the Drum for FHA Certfication

Insurance Corner with Cody: My Neighbor’s Tree Fell into My Yard.  Who is Responsible?

Fannie Mae Reintroduces 97% Financing for Condominium Units

97% Financing – Fannie Mae Releases Selling Guide 1.27.15

What Does Undivided Ownership Interest Mean?

Insurance Corner with Cody: Is Wind a Covered Peril?

FHA Announces Reduction in Monthly Mortgage Insurance

Why Do I Keep Hearing About 24CFR203.41?

This Leasing Restriction Will Prevent FHA Condo Approval

Condominiums Spent Budgeted Reserve Contributions Elsewhere

Conventional Condo Loans Rejected for Comments on FHA’s Site

The Return of FHA Spot Condo Loans?

Ken Harney’s Beating On FHA Again

That’s Your Dog’s Poo – I Have the DNA to Prove It

Visit RSL Condo Team at the CAI-NJ Expo on November 8 at Booth 529

FHA Rejected Condo for Transient Usage

FHA Condo Guidance on Investor Ownership

Lender Won’t Close the FHA Condo Loan

Retirement Income Crisis

How Many Community Associations Are in Your State?

What is the Difference Between a Condominium and a Townhouse?

How Do I Know If I am Responsible to Fix Something?

It’s Budget Season – Don’t Forget About Reserves!

Condo Unit Takes Almost a Year to Sell

Harvard/AARP Report: Reverse Mortgages Can Help Seniors

Lincoln Rhode Island Condo Sales 2013

Rhode Island Real Estate, Condos and FHA

Visit RSL Condo Team at the CAI New England Expo!

Royal Villas Condos in Newington CT – Now FHA Approved!

3 Myths About FHA Loans Condominium Associations Must Know

Condominium Loans Are the Best-Performing FHA Loans

FHA Extends Temporary Condominium Approval Guidelines

FHA’s “6-Month Window” for Condo Recertification

Critical FHA Condo Approval Requirements to Sunset 8/31/14

FHA Eliminates So-Called “Pre-payment Penalties” for Loan Payoffs

My Condo’s FHA Approval Expired – Can We Still Close?

What are the Pros/Cons of FHA Loans?

Does FHA Allow an Association’s Right of First Refusal?

FHA Condo Approvals – Impact of Affordable Rental Units

Mixed Use Condominium Exception Requests for FHA Condo Approval

Can A Mixed Use Condominium Get an FHA Condo Approval?

Congratulations on your new home!

Eric Boucher’s Trip to HUD HQ in DC and what he learned Part One

Tax Breaks That Every Homeowner Should Know About | AOL Real Estate

What is the difference between a condominium and a townhouse?

Ashford Business Association 2nd Annual Business EXPO

Who knows more about credit Women or Men? The Poll says……

14 changes ahead for home mortgages – MSN Real Estate

What is a qualified mortgage? What lenders and realtors need to know.

USDA has decided to delay any changes to the USDA eligible town map

10 Ways a Bad Credit Score Can Hurt You

Can Our Mixed Use Condominium Get Approved with FHA?

I was in the Charlotte Observer on Saturday!

Everything I Needed to Know About Business, I Learned in a Restaurant

Our First Email Campaign

Summer Selling - Maybe It's Not the Time to Conserve!

I am the Chairman of the Board of Finance

Thrifty Thursdays – Homemade Shampoo

Updating Meta Tags – SORRY About the Spam!

Does Our Condominium Project Qualify for an FHA Approval?

All You Need to Know About FHA Site Condos

Is a Right of First Refusal Acceptable to FHA?

What is a Multi-Unit Condominium?

How Long Does it Take to Obtain an FHA Condo Approval?

I Unplugged Yesterday

Two FHA Handbook Sections Released for Public Comment

Hamden Connecticut Condo Sales

I Hope That I Wouldn’t Have Said That

FHA Reverse Mortgage New Principal Limit Factors

FHA Condo Approvals – What About Pending Litigation?

FHA Site Condominiums – Can the Association Mow the Front Yards?

Can We Cap the Percentage of Investors in Our Condominium?

FHA/VA Condo Approvals – What Sets Us Apart?

VA Condo Approvals – When an “Approval” May Not Mean What it Says

New Guidelines for FHA Reverse Mortgages (HECMs)

What is a VA Condominium Project Approval?

VA Condo Approvals – Leasing Restrictions

I Was Wrong; And I Am Embarrassed

The Condominium is Non-Warrantable But Can I Do VA Financing?

How To Place an Image Caption - Thank You ActiveBob!

A Unit Owner's Compelling Argument for FHA Condo Approval

Pleasant Hills Condos APPROVED in One Month…and Four Years

My Dream Home – June Contest by Beazer Homes

The Blue Sign! YOU Will Pay to Fix that Street in Leon County, Florida

Manchester Connecticut Condos NEED to Get FHA-Approved

Manchester Connecticut Condo Sales

Condo Units Make Sweet Investments…Which Can Lead to Problems

You Are the First Agent to Ask for That

How And When FHA Monthly Insurance Premium (MIP) Maybe Canceled

Rocky Hill Connecticut Condo Sales

Units in The Hamlet of Enfield are Selling Again Thanks to FHA

Dispelling Myths About FHA Borrowers

Why FHA’s Loans Out-Perform Fannie Mae’s: “Compare Ratios”

Illegal, unethical, immoral, or against the rules?

Southington Connecticut Condo Sales

Ken Harney Beats the FHA Condo Approval Drum…Again

An FHA Condo Approval Will Let in the “Riffraff”? Um, No.

FHA Lifetime Mortgage Insurance is Garbage

Middletown CT Condo Sales

East Hartford Connecticut Condo Sales

Memorial Day Ceremony – Somers CT

Social Media Killed the Deal!

Want to be a Successful Agent? Learn to LISTEN

Now This is What I’m Talkin’ About! Thank you OCAR!!

This is the Perfect Career for Me

FHA Condo Approvals – What Difference Does It Make?

Can We Get FHA Approved if the Developer Owns Units?

FHA Condo Approvals - Transient Leasing Form Requirement Extension for Lenders

Are Second Homes Considered Owner-Occupied or Investor-Owned?

VA Condo Project Approvals – Pre-Sale Requirements

FHA Certification and Your HOA

Can a Condo Board Publish a "Shame" List?

Condo Buyer Issues with FHA Financing

FHA Condo Approvals – Maximum Loan Amounts

HUD Back to Work in Full Force

FHA Condominium Approvals - The Basics

What Do Your Social Media Icons Spell?

What Do Your Social Media Icons Spell?