Government Shutdown Means No FHA Certification or Recertification for Condos

Condominium associations that either have FHA recertification dates approaching or have been considering applying for FHA certifications are out of luck during the current federal government shutdown. Guidance issued by the Department of Housing and Urban Development states that applications should not even be sent in during this time. With no end in sight to…


Dept. of Veterans Affairs Makes Site Condo Approval Easier

“Effective immediately, site condominiums in the state of Michigan will be processed in the same manner as a single family detached residence. VA will no longer review legal documentation for site condominiums. Lenders will be responsible for ensuring that any site condominium proposed as collateral for a VA-guaranteed loan meet requirements for the state of…


A Roadmap to Discovering and Resolving Common Element Construction Defects

The improving real estate market has resulted in decreased home inventories, which has created an increased demand for new construction condominiums. Many potential purchasers will look to buy new construction condominium units with the expectation that the general common elements will be free from construction defects.  This expectation often arises from two common myths.  First,…