Most associations have absolutely no knowledge of obtaining and/or keeping their VA and FHA mortgage approvals.
Until a few years ago, once a community was VA approved, usually upon construction, it remained VA approved.
Today, the Veteran’s Administration periodically cancels VA mortgage approval in order to update files. Management companies have charged as much as $20,000 to update these mortgage approval documents.
FHA/HUD renews every few years due to the amount of rentals and sales of units.
We handle this for our clients at a fraction of the cost that many management companies charge.