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: Mortgage
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…
Condo Board Request Unit Owner Mortgage Loan Info
B.S. from Massachusetts writes: Dear Mister Condo, I just received an email from the condo association saying all unit owners have to provide the name of the bank and the mortgage number back to them. Isn’t my mortgage number personal info? Do I have to give it to them? Mister Condo replies: B.S., your mortgage…
How Does Condo Unit Owner Bankruptcy Effect Common Fee Collection?
J.A. from outside of Connecticut writes: Dear Mister Condo, If a condo owner files for bankruptcy, does this mean the unit owner will never ever pay the condo fee as long as s/he resides in the condo? Or is there a time limit? Mister Condo replies: J.A., when a unit owner files for protection from…