Fha Approved Condominium Limited Questionnaire For Recertification Form printable pdf download

Fha Approved Condominium Limited Questionnaire For Recertification Form

FHA Approved Condominium

Limited Questionnaire for Recertification

Borrower: __ ___

Project Name:_____________________________________________________________________

Phase: ___________________________________________________________________________

FHA Approval Number: _____________________________________________________________

Property Address (include unit #): __, , __

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1. Does any single entity own more than 10% of the total units in the project?

Yes

(If the project has fewer than 10 units, does any single entity own more than 1 unit?)

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2. Are more than 15 % of the total condo units 30 days or more delinquent in their HOA dues?

Yes

(If more than 15% the project is not eligible)

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3. Are there any pending of approved Special Assessments?

Yes

If Yes, provide details

_________________________________________________________________________________________

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4. Are common elements/limted common elements insured to 100% replacement cost?

Yes

Coverage _________________

Deductible ___________________ Exp. Date _____________

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5. Does the project have Fidelity Insurance?

Yes

Coverage _________________

Deductible ___________________ Exp. Date _____________

6. Is the owner’s associate (or the developer, if not turned over to the association) named as party to a current

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litigation relating to the project?

Yes

If Yes, provide details

_________________________________________________________________________________________

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Fha Approved Condominium Limited Questionnaire For Recertification Form