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Rhode Island Real Estate, Condos and FHA
As we continue to expand our marketing efforts outside of Connecticut, we have been able to gather MLS data for condominium sales in...
Neil Caron
Sep 23, 20142 min read
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Visit RSL Condo Team at the CAI New England Expo!
Stop by Booth 63 at the annual CAI New England Expo on Saturday, September 13, 2014 to enter to win a new iPad from RSL Condo Team! ...
Neil Caron
Sep 12, 20141 min read
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Royal Villas Condos in Newington CT - Now FHA Approved!
We are pleased to announce the FHA Approval of Royal Villas Condominiums in Newington, CT. FHA loans may now be utilized to finance...
Neil Caron
Sep 11, 20142 min read
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3 Myths About FHA Loans Condominium Associations Must Know
The FHA loan program is a balancing act to remain competitive in the market, mitigate risk to its insurance fund and fill the niche role...
Neil Caron
Sep 10, 20143 min read
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Condominium Loans Are the Best-Performing FHA Loans
The most common objection that we hear regarding a condominium association’s reluctance to becoming approved with FHA is that they don’t...
Neil Caron
Sep 8, 20143 min read
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FHA Extends Temporary Condominium Approval Guidelines
As expected, FHA extended the effective date of Mortgagee Letter 12-18 until August 31, 2016; the provisions in ML12-18 were due to...
Neil Caron
Sep 1, 20141 min read
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FHA’s “6-Month Window” for Condo Recertification
FHA’s “6-Month Window” for Condo Recertification This week I received a call from a property manager who was concerned that the 6-month...
Neil Caron
Aug 29, 20142 min read
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Critical FHA Condo Approval Requirements to Sunset 8/31/14
Critical FHA Condo Approval Requirements to Sunset 8/31/14 Unless FHA releases a new Mortgagee Letter in the next few days, the temporary...
Neil Caron
Aug 28, 20142 min read
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FHA Eliminates So-Called "Pre-payment Penalties" for Loan Payoffs
FHA Eliminates So-Called "Pre-payment Penalties" for Loan Payoffs Yesterday, August 26, 2014, HUD modified its procedure for interest...
Neil Caron
Aug 27, 20142 min read
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My Condo’s FHA Approval Expired – Can We Still Close?
As FHA/VA Condominium Project Consultants, we do not typically get involved with the “loan level” side of things. Our primary objective...
Neil Caron
Aug 13, 20142 min read
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What are the Pros/Cons of FHA Loans?
The Federal Housing Administration, or FHA, is a mortgage loan insurance provider. FHA is housed with The Department of Housing and...
Neil Caron
Aug 13, 20142 min read
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Does FHA Allow an Association’s Right of First Refusal?
A Right of First Refusal is fairly common language in the legal governing documents of condominiums. Often, we are asked by Board...
Neil Caron
Aug 6, 20142 min read
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FHA Condo Approvals – Impact of Affordable Rental Units
A recent inquiry that I received was regarding the impact of Affordable Rental Units on an FHA Condo Approval. The real estate agent...
Neil Caron
Jul 28, 20142 min read
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Mixed Use Condominium Exception Requests for FHA Condo Approval
Mixed-use condominium projects may be eligible for an FHA condo approval if they meet these two additional basic requirements: The total...
Neil Caron
Jul 25, 20142 min read
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Can A Mixed Use Condominium Get an FHA Condo Approval?
Following my article in the Charlotte Observer last Saturday, a developer contacted me regarding an FHA condominium approval for his...
Neil Caron
Jul 25, 20143 min read
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Congratulations on your new home!
Hello! I just wanted to send out a personal "Thank You" for assisting us in getting our new home! It was quite the journey, with a...
Neil Caron
Jul 23, 20141 min read
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Eric Boucher's Trip to HUD HQ in DC and what he learned Part One
Nice Photo with you and Sen. Al Franken. Looking forward to reading more about your trip and what kind of changes HUD is going to be...
Neil Caron
Mar 27, 20141 min read
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Tax Breaks That Every Homeowner Should Know About | AOL Real Estate
Great article on some of the tax breaks owning a home could possibly provide for you. Click here to read the whole story! .
Neil Caron
Feb 25, 20141 min read
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What is the difference between a condominium and a townhouse?
Our FHA condo approval specialist Eric Boucher answers this question in one sentence! for the whole story click here
Neil Caron
Feb 25, 20141 min read
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Ashford Business Association 2nd Annual Business EXPO
This Saturday, February 1st 2014 the Ashford Business Association will be having their 2nd Annual Business EXPO. Gary Stevens from...
Neil Caron
Jan 29, 20141 min read
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