hrap: 9 Types of Condo Projects that Must be Reviewed by HUD/HRAP - 10/07/15 10:46 PM
9 Types of Condo Projects that Must be Reviewed by HUD/HRAP
While HUD allows lenders with Direct Endorsement authority to review and approve condominium projects on HUD’s behalf (DELRAP), there are 9 different circumstances where the condominium must be reviewed directly by HUD (HRAP).
Condominiums in Florida.  Due to the issues in the condominium real estate market in Florida, all condominium project approvals must be reviewed by the Atlanta Homeownership Center.
In Bankruptcy or Receivership.  The fact that the condominium project or the developer is in bankruptcy or receivership is not an automatic disqualification for project approval but it must be reviewed … (9 comments)