Condo-HOA Blog - Condominium
Legislature Working on a Fix to the LLC Abatement Problem
This session, Representative Jamie Pedersen of the 43rd Legislative District has prime sponsored SHB 2657, which would fix the rather large loophole identified by the Washington Supreme Court in its May 2009 decision in Chadwick Farms Owners Association v. FHC, LLC, 166 Wn.2d 178, 207 P.3d 1251 (2009). read more
FHA Condominium Certification Changes Pushed to December
FHA/HUD's revised condominium certification regulations originally slated to take effect on October 1, 2009 and pushed back to November 2nd, are now scheduled to be implemented on December 7, 2009. read more
New Fannie Mae Condominium Lending Guidelines
Fannie Mae recently published revised lending guidelines for condominium properties. The guidelines include changes to insurance, delinquency, loan-to-value (LTV) and owner-occupied ratios. read more
Bill Proposes Increased Rights to Tenants of Apartments Slated for Conversion
SHB 2014 regarding conversion condos passes House read more
Legislature Encourages Rather than Requires Reserve Studies and Funding
Legislature prposes bill encouraging reserve studies and funding read more