Whenever a condominium unit is sold in Washington State, a resale certificate must be prepared disclosing a long list of information which you will find in RCW 64.34.425. The required facts include (but are not limited to) information regarding the amount of the monthly assessments, any upcoming special assessments, the association’s annual financial statement, and…
Tag Archive: condominium
FHA Recertification Deadlines
We received an email this week from CAI regarding a change in the FHA recertification process for condominiums. As many of you may know, all FHA approvals granted prior to October, 2008 were scheduled to expire on December 7, 2010. FHA has decided to extend the deadlines to allow more condominiums to take advantage of…
Tag Archive: condominium
Change in Resale Certificate Law
Whenever a condominium unit is sold in Washington State, a resale certificate must be prepared disclosing a long list of information which you will find in RCW 64.34.425. The required facts include (but are not limited to) information regarding the amount of the monthly assessments, any upcoming special assessments, the association’s annual financial statement, and…
FHA Recertification Deadlines
We received an email this week from CAI regarding a change in the FHA recertification process for condominiums. As many of you may know, all FHA approvals granted prior to October, 2008 were scheduled to expire on December 7, 2010. FHA has decided to extend the deadlines to allow more condominiums to take advantage of…