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Condominium Law

Friday, April 26, 2019

FHA Condo Certification


In order to buy a condo unit with an FHA loan, it is required that the whole condominium is FHA certified by the Federal Housing Administration. Being able to accept an FHA backed loan will allow for more people to be able to purchase a condo from a building. With low down payment requirements, sometimes as low as 3.5%, FHA insured mortgages can be very desirable for first time home buyers. With many prospective condo buyers being first time homeowners, you may be interested in FHA condo certification for your building.
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Tuesday, September 11, 2012

The Condominium Basics: Formation, Conversion, Components, Governance, Sale and Resale

In Rhode Island, what is a Condominum?  How is a Condominium formed?  What is the Declaration and the Bylaws?  What is a Condominium Purchase and Sales Agreement?  What is a Public Offering Statement?  What is a Resale Certificate?


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The Law Offices of Richard Palumbo, LLC assists clients with Real Estate Law, Business Law, Probate, Evictions for Landlords and Property Damage matters in Rhode Island including Cranston, Warwick, Coventry, Johnston, Providence, Pawtucket, Central Falls and all areas throughout RI.



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