Under Federal Housing Administration (“FHA”) rules, before anyone can buy a condominium unit with government-supported financing or take out a reverse mortgage to tap the equity in their unit for current living expenses, the condominium development has to be certified by the FHA, which is a complex and document-intensive process. Attorneys Robert A. Pacelli, Jr. and Joseph J. Cessario of Zeldes of Needle & Cooper, P.C.’s Condominium and Community Association Practice group have assisted many condominium communities and individuals in securing such FHA approval. Recently, Attorney Pacelli and Attorney Cessario had an opportunity to share their experiences regarding the approval process with Jessica Guerin of Housingwire.com. Click here to see the article.
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