FHA Approval Can Raise Property Values…Don’t let Condo Delinquencies Stand in the Way

FHA Approval Can Raise Property Values…Don’t let Condo Delinquencies Hurt

Despite all the lovely roads and fire trucks we encounter every day, people still like to complain that their taxes aren’t being put to good use. It would seem they’ve never heard of an FHA loan. These aren’t mortgages issued by the Federal Housing Authority, rather ones insured by them. This insurance enables the lender to offer terms with significantly reduced down-payments, sometimes as low as 3.5% of the purchase price. And while the program explicitly exists to aid home buyers and not investors, it can still provide a significant boost to property values.  FHA approval is critical so don’t let condo delinquencies hurt you. If a building has FHA approval, the… Read More

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Condo & HOA Collections For Condo & HOA Budget Time

Once a year in every community association the most significant event occurs and that is the formulation of the association’s annual budget. It’s even more important than the annual election because this budget is the road map for how the association is to be run for the next year. The board can decide to on many issues including capital improvements, added amenities, reduced services, and everything in between. However, the one item that always leaves the board and management confused is the disposition of delinquent fees and questionable debt. What can be done to predict the unknown because the more accurate you’re are the more realistic and functional your budget… Read More

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