"SHOULD YOUR CONDOMINIUM OBTAIN FHA APPROVAL:
FHA ISSUES NEW GUIDELINES INCLUDING MAJOR CONCERNS RELATIVE TO MANAGER CERTIFICATIONS"
Come Join Our Expert Panel Discussion on the Recent Changes to FHA [Click Here For a Copy of the FHA Guideline]
Date:
Wednesday, July 27, 2011
Registration:
8:30 AM
Time:
9:00 AM - 12:30 PM
Location:
Tavern at Quarry Hills & Granite Links Golf Club - Ross Ballroom
100 Quarry Hills Drive, Quincy, MA
~ Continental Breakfast Being Served ~
(Click Here for Directions)
Guest Speakers:
STEPHEN M. MARCUS
Partner of Marcus, Errico, Emmer & Brooks, PC
GLENN MONTGOMERY
Vice President and Co-Founder of Brownstone Insurance
PATTY RAYMO
Vice President of Mortgage Master, Inc.
OREST TOMASELLI
Chief Executive Officer of National Condo Advisors, Inc.
PHILIP SUTCLIFFE
Owner of Project Support Services
Highlights to be Discussed Include:
- New requirements for reserve studies for new conversions
- New and risky certification for special assessments
- New delinquency rules
- New and very risky project certification to be signed by manager or association
- Effective date for some changes immediate
- Expanded financial records now required
- Fidelity insurance changes
- FHA rejection for association loans and special assessments