We’re committed to providing professional, prompt and cost effective service. This dedication we promise to you.
We provide homeowner board members with information needed to make educated and economical decisions that are in the best interest of the community. At ALK, your board members have the opportunity to interface directly with our owners, which allows prompt and personal resolution to homeowner association concerns.
The U.S. Department of Housing and Urban Development (HUD) issued a Mortgagee Letter (2009-46B) on November 6, 2009. This letter specifies the requirements for condominium associations to obtain Federal Housing Administration (FHA) mortgage insurance certification. These new requirements eliminate “spot loan” approvals (Mortgagee Letter 1996-41) and now require that entire condominium projects are FHA certified. Therefore, if a potential buyer is in need of an FHA backed loan, the condominium association must be FHA certified. Why is this significant? This is significant because the number...