Lenders and servicers are expected to protect HUD from losses related to Federal Housing Administration (FHA) insured mortgagtes on multifamily condominium properties. Foreclosurepedia recently serviced a condo here in Knoxville, Tennessee, and experienced first hand the quagmire that currently exists in the Industry.
HUD has finally gotten on board with some common sense approaches to address Home Owner's Association (HOA) fees and other ancillary items. The problem for those servicing HUD Properties under HUD 3.6 is that they are going to have to scramble to to implement policies and procedures which probably should have been in place all . . .
To read the article Subscribe today!
