BEST ANSWER
Hi Barbara:
I checked this for you at the HUD/FHA Approved Condos website. Murano is approved, however, it applies only to association numbers5,6,7 and 8. Within those Murano associations, only specific buildings apply. Example: Association #5 is buildings 1 - 6 and 31-33 only. and it continues based on the association numbers. Also they require certification that 51% of the units are owner occupied.
This is something you and your Realtor and lending officer can iron out before you start looking in Murano - so you know exactly which buildings you can look at.
If you need any additional help, please don't hesitate to contact me.
Very sincerely,
Angela
Villa G Realty, Inc.
Tel: 954-816-7996
Thu Apr 23 2009, 06:35