Archives For: HOA
Fannie Mae: Servicing Notice
Fannie Mae announced that it would be assuming responsibility for the payment of all property taxes, ground rents, as well as fees and assessments invoiced by an HOA, condo association, or co-op corporation once a foreclosure sale or mortgage release occurs.
9 Oct 2019
FHFA Statement on HOA Super-Priority Lien Foreclosures
Bradley Arant Boult Cummings LLP published a blog authored by associates Stephen Parsley and R. Aaron Chastain. In it, three recent decisions pertaining to the ongoing issue of HOA Super-Priority Liens in Nevada are discussed.
19 Jul 2018
Arizona Bill Would Make it Easier for HOAs to Take Your Home
AZcentral.com published an article discussing SB 1080, a recently proposed piece of legislation that aims to allow Home Owner Association (HOA) foreclosures after six months.
10 Jan 2018
VA Circular 26-15-30 Change 1: Title Documentation of HOA Matters in Florida
The U.S. Department of Veterans Affairs (VA) released a revised version of Circular 26-15-30. The circular extends the rescission date of the basic circular.
9 Mar 2017
FHFA: Statement on Authorized Enterprise Servicers Reliance on Legal Standards in Homeowner Association Foreclosure Proceedings (release date 4/29/2016)
The Federal Housing Finance Agency (FHFA) issued a statement in regards to Homeowner Association (HOA) foreclosure.
29 Apr 2016
FHLMC Guide Bulletin 2016-05: Important Servicing Requirement Changes
Freddie Mac issued a release announcing updated servicing requirements.
9 Mar 2016
Rhode Island Supreme Court Gives HOAs Priority Above Mortgage Liens
HousingWire published an article discussing the Supreme Court of Rhode Island’s support of the homeowner’s association “super priority” concept.
19 Feb 2016
VA Circular 26-15-30 Title Documentation of HOA Matters in Florida
The U.S. Department of Veterans Affairs (VA) released Circular 26-15-30. The circular provides guidance on the submission of title documents to VA’s property management contractor when conveying a property to VA in the State of Florida. The circular corrects and amends the previous Circular 26-15-26.
16 Nov 2015
FHFA Threatens Suits as Nevada Grapples with ‘Super’ Liens
On January 27, National Mortgage News released an article discussing the Federal Housing Finance Agency’s (FHFA) preparation to argue cases involving Nevada homeowners associations that it believes violate the Housing and Economic Recovery Act of 2008.
29 Jan 2015