And I'll be no their case (the association that is). Wonder why with so many places for sale (about half a dozen) that no one has looked into this? I've heard that about half of potential buyers are fha mortgages.
Well, it's not like the FHA is going around certifying condo associations. The only time that the FHA looks at an association is when a borrower is considering buying a particular condo. At that point, the FHA will send a questionnaire to the association, asking about things like the association's right of first refusal, insurance coverage, and the percentage of units that are owner-occupied. And it's done on a case-by-case basis, so one purchaser might be able to get FHA approval while a subsequent purchaser in the same building, under changed circumstances, might not.