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FHA Approval Received!

Good News! Talltree South has been approved by the Federal Housing Administration (FHA). This means that someone can purchase or refinance a unit using an FHA loan. Under the old rules, spot approval could be granted, but withthe new rules, condo associations must request FHA approval in advance.

Given the prevalence of FHA loans in today’s housing market, this means that it is easier to buy or sell at Talltree South than in complexes without FHA approval. FHA loans encourage lenders to lend, assuring them that they will be paid back by the federal government in case of default.

Keys

The Bylaws require that each owner supply the Association with a working set of keys for emergency access and to perform other necessary duties. The keys are not a lock-out service, however, if you have provided the office with a key, the on-site manager can give you access to your unit during office hours. If your front and rear doors are keyed differently, you may want to provide both keys to the office in case an emergency blocks one door.

Mailbox keys are solely the responsibility of the Unit Owner. Neither the Association nor the Postal Service has a key for your individual mailbox. If your key is lost, the safest recourse is to replace the mailbox lock using the services of a locksmith.

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Our Staff

Rick Russell

Talltree South

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Steve Rugen
Cardinal Management Group