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UNIFORM PROJECT QUESTIONNAIRE
Project Name ____________________________________________
Address: ____________________________________________
City: ___________________ State_____ ZIP Code:______________
General -Information
1. The project is a ( ) Condominium, or a ( )Planned Unit
Development (PUD).
2. Number of the following units in, the project:
Owner-occupied _______ Second home_______ Investor-owned _______ Developer-owned _______
3. Does any one entity own more than 10% of all (lie units ill tile project? (
) YES or ( ) NO
if yes, identify investor and the number of units owned:
4. Are all units and amenities complete? ( ) YES or ( ) NO If no, describe the incomplete items:
5. Can additional phasing or annexations expand the project? ( ) YES or ( ) NO
6. Is the owner's association currently a party in any type of litigation or public
administrative action (including any violation of any environmental or public health
statutes and laws' or current environmental or public health, litigation or administrative
action)? ( ) YES or ( ) NO
If yes, give complete details:
7. Has control of the owner's association, been turned over to unit owners? (
) YES or ( ) NO
Date turned over:( or Anticipated date of transfer) _________________:
8. Is there a first right of refusal ( ) YES or ( ) NO
Title Information
8. Do the unit owners have sole ownership interest in and right to the use of all
of the project facilities?
( ) YES or ( ) NO If no, please explain:
9. Do the unit owners own the lot or land below the unit or an undivided interest in
common land?
-Lot Undivided interest
Rental Information
10. Does the project permit daily or weekly rentals? ( ) YES or (
) NO
11. Is there a rental service or cleaning service for leased units? ( ) YES or ( ) NO If yes, please provide a detailed description of services provided:
Budget / Financial Information
12. How, many unit owners are delinquent more than 30 days in their unit
assessment charges?
Units Delq ________ Amount delinquent: $___________
13. Have there been any special assessments within the last 2 years or are there any
planned?
( ) YES or ( ) NO If yes, please describe per unit charge and
purpose:
Master / Umbrella Association Information
14. Is there a "Master" or "Umbrella" Association? (
) YES or ( ) NO
If yes, provide name, address and phone number:
15.The master recreational amenities include the following: pool clubhouse tennis courts other
16. Control of the Master Association's board has been turned over to the unit owners since what date:
17. Unit assessment/common charges for tile Master Association: S
Insurance Information
Name of Insurance Agent: _________________________________
Address:______________________________City:________________'State:____ ZIP:________
Fidelity Bond/Employee Dishonesty Coverage: $_____________ Policy Expiration:___________
Liability Coverage: ___________ Policy Expiration:_____________
Telephone #:______________________
Management Company Information
Name:______________________________ Telephone #:_________________
Address:________________City:________________'State:____ ZIP:________
Length of Contract:_____________ Renewal Period:__________ Cancellation
Period:__________________
Certification
I, the undersigned, certify that to the best of my knowledge and belief, the
information and statements contained on this form are true and correct.
Signature ___________________________________ Date____________
Preparer's Name and Title
Company Name __________________________________
Address
__________________________________________________
Telephone Number _________________ FAX Number ___________________
SUGGESTED CHECK LIST FOR SPOT LOAN APPROVALS
- The legal documents of the homeowners association do not contain a right of first refusal or restrictive covenant.
- The unit is part of a condominium regime that provides for common and undivided ownership of common areas by unit owners.
- The project, including the common elements, and those of any Master Association, are complete, and the project is not subject to additional phasing or annexation.
- (a) There are no special assessments pending.
(b) No legal action is pending against the condominium association, or its officers or directors. - The common areas have been under the control of the homeowners association for at least one year.
- At least 90 percent of the total units in the project have been sold.
Verified by _________________________. - At least 51 percent of the total units in the project are owner-occupied.
Verified by ______________________. - There are no adverse environmental factors affecting the project as a whole or individual units .
- No single entity owns more than 10 percent of the total units in the project.
Verified by ______________________ - The units in the project are owned in fee simple or the units are held under a leasehold acceptable to FHA. Leasehold in file.
- The owners association has adequate common area insurance coverage. General liability, replacement coverage, etc. reflects the character, amenities and risks of the particular development. Flood and other insurances carried, when applicable.
- General maintenance level of common elements is acceptable and there is no deferred maintenance, based on the comments by the Appraiser and/or the pictures.
- The owners association has a reserve plan and a reserve fund, separate from the operating account, that is adequate to prevent deferred maintenance. The amount of the fund is $_________ as of __________.
- (a) For projects consisting of over 30 units, no more than 10 percent of the total units
are encumbered by FHA insured mortgages. Verified by ___________________.
(b) For projects consisting of 30 units or less, no more than 20 percent of the total units are encumbered by FHA insured mortgages. Verified by _______________.
(Reviewer)____________________________________
(Title) ____________________________________
(Date) _______________
(Condominium Project Name) __________________________________
(FHA case number)
__________________________________
(Address)
__________________________________
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This site is designed for consumers looking to buy or sell a home, or find a qualified real estate agent and Realtor in the following towns in the Northern Ohio, Greater Cleveland, Ohio area: Westlake, Rocky River, Avon, Avon Lake, Bay Village, West Park, Ohio City, Lakewood, Fairview Park, North Ridgeville, North Olmsted, Olmsted Falls, Elyria, Lorain, Medina, Lyndhurst, Berea, Middleburg Heights, Parma, Strongsville, Independence, Brecksville, Sheffield, Broadview Heights, or North Royalton. Tim Bradford is a full time Mortgage Banker/Broker serving Northern Ohio, Including Cuyahoga County, Lorain County, and Medina County.
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