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WiseOwl58, Lawyer
Category: Real Estate Law
Satisfied Customers: 3686
Experience:  Experienced real estate lawyer and real estate broker.
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Our HOA needs to obtain HUD approval for all of our condo

Customer Question

Our HOA needs to obtain HUD approval for all of our condo units.
We have had a situation where potential buyer could not get an FHA loan because HOA did not have HUD approval. Also, older condo unit owner wants to apply for a reverse mortgage, and she cannot because our condo unit is not HUD approved.
How do we proceed to get such approval?
Can we hire a consultant or lawyer to prepare the documents, etc. If so, any suggestions or resources?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  WiseOwl58 replied 1 year ago.

Please read the attached official publication from HUD and follow the steps to get approval

Please rate 4 or 5 and close out the question. Good luck to you. I wish you all the best.

Customer: replied 1 year ago.
This is pure bogus! I got the very same document via Google search.There is no advise, and he did not answer my query on where to find a consultant or lawyer to help us apply.I want a refund (credit).What a waste!Dale
Expert:  WiseOwl58 replied 1 year ago.
Please write the answer r or 5 and accepted and closed out the question

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