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Know why your HOA should seek FHA approval – Article by Peter Harper

Posted by AmberPM on August 22, 2011 · Leave a Comment

The Federal Housing Administration more popularly known as FHA has a particular set of guidelines that lenders should follow in case they want to offer an FHA mortgage. These FHA mortgage loans have down payment criteria that is smaller than traditional mortgage and can even be availed by consumers who have low credit scores. If … Continue reading →

Filed under FHA, Learning Tools, Q & A · Tagged with Amber Property Management, assessments, board of directors, Condo, FHA, FHA approval, HOA, Homeowner Association, market conditions, marketability, Orange County Property Management, Property Management, Single Family Home, Townhome

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YOUR CLAC UPDATE
- CAI-CLAC 2018 Legislative Day at the Capitol Recap May 5, 2018
  By Martha Fogg, recipient of the 2018 Duncan McPherson Scholarship Award I attended the CAI/CLAC Legislative Day in Sacramento over the weekend. The experience, education and information was invaluable. Sessions began on Sunday through part of Monday. There are more than 33,000 CAI members and over 60 chapters worldwide. CAI tracks Federal and State legislat […]
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- How Do We Get Our Boards to Participate in Buck-A-Door? July 10, 2017
  If you’re like me, when it comes to budget planning time there is usually one main direction from the Board, “Do not raise assessments but if you have to, keep it as minimal as possible.” Also, like me, you know this is almost an impossible task when dealing with inflation, rising utilities rates, minimum wage […]
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HOA LAW
- Creating Committees March 23, 2022
  Does your board table decisions because you can’t get through all of the discussion? Is there a big project that your association needs to complete, but the minutia of it is overwhelming the board? Don’t let the added work hold you back. Recruit volunteers from the membership to assist the board through the creation of […]
  Stephen T. Brindle
- Your Association Received a Preliminary Lien Notice. Now What? February 22, 2022
  Under California law, most licensed contractors or suppliers that provide labor, services, equipment, or materials on projects involving the common area of a community association are entitled to record a mechanic’s lien or issue a stop payment notice if they are not paid for their work or materials. Associations involved in such projects often receive […] […]
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HOA INSURANCE
- Water Damage Prevention
  Water damage claims can be very expensive to deal with, cause untold frustrations and have the potential for a living nightmare within your HOA complex. While you cannot prevent every possible situation where water can cause damage; here's a list of simple steps every association can take to reduce/eliminate many causes of water damage issues.Washing ma […]
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- General Liability Coverage-How Much is Enough?
  All master association policies should have general liability coverage to protect the association from situations where is may have liability to injuries or property damage: a guest sustains an injury falling on a slippery driveway; someone is injured on the playground equipment; someone drowns in the pool; the possibilities are endless.Most standard policie […]
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Know why your HOA should seek FHA approval – Article by Peter Harper

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