I've briefly touched on Condo Associations and how hard it is to actually lend on a condo if it has not already been approved by FHA. For those of you that live in an area with multiple associations, trying to find out about a particular one without driving there personally and interviewing the occupants is close to impossible. The closest thing that I've found online is Neighborhood Link which does a decent job, but unless the association has already identified itself with this website it's not there. If you were to perform a search on HUDs website for FHA Approved Condo Associations (click here) you will find a lot of information regarding each HOA, but one thing that I noticed that the search was missing were actual addresses.
Now you can probably figure out where the association is for a handful of the results based on the name, but for the 37 results that I received from my local area search only 1 came back with an actual address. The system just needs a few tweaks to it to make it more efficient, but for the time being there is a business niche that exists based on this lack of information. If someone were to create a website and provide the information it would make my life a lot easier when I'm showing property so I don't waste my client's time who are going FHA.
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