J.S. from Hartford County writes: Dear Mister Condo, We are an over 55 condo complex with 39 individual homes. We were FHA certified several years ago. We missed the recertification period. Nobody knows who completed the original certification application. Where do I find the application/forms in order to submit for certification? We meet all of…
Tag: FHA
Lack of Condo FHA Certification Prevents Mortgage Approval
T.S. from Virginia writes: Dear Mister Condo, I am trying to sell my condo townhouse that I have owned for many years. I found a buyer and accepted his offer. Right before closing the lender said that they could not complete the mortgage for the buyer because the condo HOA is not FHA compliant. I…
Is That Furry Condo Companion a Service Animal or a Pet?
P.M. from outside of Connecticut writes: Dear Mister Condo, Is a service animal considered a pet? Mister Condo replies: P.M., for the most part service animals or Emotional Support Animals (ESAs) are not considered pets as they are deemed medically necessary and condo associations have been forced to allow these animals residency within units as…
10% Condo Reserve Fund Just Isn’t Enough!
G.D. from Fairfield County writes: Dear Mister Condo, We have a Reserve account, which is more than 10% of our monthly income. It has been the association’s practice to use the Reserve instead of doing assessments. We now need to have a large project done and estimates are coming in for more then we have…