Declarant Reserve Account Underfunding Pursuant to the Nevada Revised Statutes (“NRS”) Chapter 116 – Common-Interest Ownership (Uniform Act), Nevada homeowners associations are required to establish adequate reserves for the repair, replacement and restoration...
Newly Revised FHA Guidelines Will Strongly Impact Eligibility Of Condominium Developments For FHA Financing Federal Housing Administration (FHA) recently enacted revisions to its Condominium Project Approval Process. A condominium project must be approved by FHA in...