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We have the resources you need to stay on top of pertinent HOA matters. Review recent articles: Software Updates Inprove Website, May Require Content Changes - February 1, 2013 Proposed Changes Would Give State More Regulatory Authority Regarding HOAs - January 31, 2013 FHA Eases Restrictions on Condominium Certification - November 10, 2012 Beware - "Periodic Report" SCAM - April, 6, 2011 FHA Certification - FAQs Beyond the Basics - March 28, 2011 Update - FHA Certification Process - March 21, 2011 Good News for CO Real Estate - March 15, 2011 Colorado Acclaimed as the Place for Business - March 8, 2011 FHA Certification - A New Ball of Wax – February 1, 2011 REQUIRED - Dora Registration for Colorado HOAs – January 15, 2011 Save Time with Association OnlineTM Questionnaires – December 15, 2010 Let Us Keep You Current – AO notifies you when an HOA is approaching an important deadline - FHA Certification expirations and actions, DORA registration requirements, etc. Contact Us to get started; there is no fee for this service. Subscribe Now – Receive newsletters addressing HOA matters specific to your profession - real estate agents, lenders, title companies, and HOA managers/board members. Contact Us and state "newsletter" in the message to subscribe.
Software Updates Improve Website, May Require Content Changes - February 1, 2013 We've made upgrades to our website which streamline the information-retrieval process. If a lender, real estate agent or title company has questions, have them call us for help. In light of these changes, you may need to update any instructions about obtaining a status letter or lender questionnaire on the "Basic Information" page of your website, where applicable. Please contact us and we will review your posting and make changes, if needed.
Proposed Changes Would Give State More Regulatory Authority Regarding HOAs - January 31, 2013 If the Colorado Legislature passes House Bill 13-1134 this spring, the role of the Colorado Division of Real Estate's Information Officer will expand significantly. Read the whole article here. FHA Eases Restrictions on Condominium Certification - November 10, 2012 The Federal Housing Adminsitration has revamped and relaxed some of its FHA Condominium Certification guidelines, which may open the door to getting more condo projects approved. Rread the whole article here.
Beware - "Periodic Report" SCAM - April 6, 2011 Beware of a recent scam affecting businesses and non-profits in the state of Colorado. More than 500,000 letters have been mailed out from a company calling themselves the Colorado Controllers Unit (CCU), appearing to be official bills from the State of Colorado, and requesting payment of $225 (see copy of invoice here). THIS IS A SCAM. The ATTORNEY GENERAL's OFFICE has CONFIRMED in a statement that this is NOT FROM THE STATE of Colorado... Read the whole article here.
FHA Certification - FAQs Beyond the Basics - March 28, 2011 Most homeowners associations consider FHA Certification "a must," now that FHA-insured loans make up a majority of home loans issued in the market, today. However, HOAs have a lot of questions, and find it hard to locate many of the answers. Answers to some of the most common and difficult questions regarding FHA Certifications and the FHA Approval process include:.... Read the whole article here.
Update - FHA Certification Process - March 21, 2011 The FHA Certification process and its requirements have been a bit of a moving target as HUD has geared up into large volumes of approvals. What was allowed one month may no longer to "approvable" now. The approval changes seen over the last 60 days include the following... Read the whole article here.
Good News for Colorado Real Estate - March 15, 2011 Industry experts who presented at the 2011 Colorado Economic Housing Summit at the Realtor Rally in Denver this month agreed that, amid the clouds of uncertainty in our housing market, a rainbow is emerging. They conceded that the market is nearing the turn to recovery and the outlook is bright not only in the near future, but for the long-term view - especially in Colorado. New foreclosure starts are dramatically down; Colorado now ranks 42nd in the nation in the quantity of home loans in delinquency and 37th in the quantity of foreclosures, demonstrating the state's leading position in the nation's turn-around. Median home prices in Colorado are slightly up, and a primary driver to home sales - jobs - are expected to increase by 22,000 in 2011. Read the whole article here.
Colorado Acclaimed as the Place for Business - March 8, 2011 Governor John Hickenlooper, at the March Realtor Rally, shared Colorado's recent accolades for being recognized as a great place to do business. CNBC recently ranked Colorado #3 in their listing of Best Big Business States; Forbes ranked Colorado America's 4th best state for business. Milken Institute's State Technology and Science Index rates Colorado #3, and CNN listed Colorado #3 in their list of smart-jobs states. These mark a dramatic change in the state's business standing in a short time - Colorado ranked 10th or lower in these listings as recenlty as three years ago. Governor Hickenlooper is anxious to get the word out with a state-wide business re-branding effort. Citizens need to know that Colorado is the place to be, for business and for leisure!
FHA Certification – A New Ball of Wax - February 1, 2011 Condominiums must now be certified by the FHA before an FHA loan can be obtained by a homeowner in the development… Almost all condominiums that previously had FHA Certification status must be recertified in 2011… The certification process is extensive and can take up to 60 days or more to complete… Properties that are not certified by their due-date will expire, with no extensions… AO is here to help. At no charge, we can review the HOA status... We can help you file the HRAP (HUD Review and Approval Process) package at industry-best prices. Read the whole article here.
REQUIRED – DORA Registration for Colorado HOAs January 15, 2011 Colorado House Bill 10-1278... requires all HOAs register by March 1, 2011... or incur signifcant penalties for non-compliance... The fee is $8.93 per homeowners association... Register now at https://www.dora.state.co.us/pls/hoa/HOA.logon. Who must register?... What are the penalties for not registering?... Read the whole article here.
Save Time with Association OnlineTM Questionnaires - December 15, 2010 In our current economic environment, lender questionnaires (aka condo questionnaires) have become one of the largest pain points HOA managers experience. The requested number of disclosures has increased significantly, and the process is ridden with inefficiency …. Association OnlineTM’s patent-pending, online Lender Questionnaire provides the answer… Managers save time… and rest easy knowing they are properly disclosing. Lenders.. no longer have to hunt for the right contact… They get what they need, in an easy-to-read format, without delay. Read the whole article here. |
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