Get Emm Condo Form Full Review - E Mortgage Management

This guide provides you with clear and detailed instructions on how to complete the EMM Condo Form Full Review for E Mortgage Management online. Following these steps will ensure that you accurately fill out each section of the form, allowing for a smooth review process.

Follow the steps to fill out the EMM Condo Form Full Review effectively.

1. Press the ‘Get Form’ button to access the EMM Condo Form Full Review and open it in your preferred editor.
2. Begin with entering your contact information, including your name and phone number, as well as the loan number. This information is vital for identifying your submission.
3. Fill out the project name and address accurately to ensure the review corresponds with the correct condominium project.
4. Respond to the question regarding the completion of common elements and/or facilities by selecting 'Yes' or 'No.' If you select 'No,' provide additional details on whether the common elements or recreational facilities related to the phase are complete.
5. Indicate if the project is subject to additional phases and provide the number of additional phases and units that will be constructed.
6. Answer the question about whether the project is a conversion of an existing building. If yes, specify the original purpose of the building and if it underwent a full gut-rehabilitation.
7. Document the date when control of the Homeowners Association (HOA) was transferred from the developer to the unit owners.
8. State the date when the first units were made available for sale.
9. Enter the total number of units in the project and the number of residential units sold and closed.
10. Provide the number of units owned as primary residences, second/vacation homes, investment properties, and rented units owned by the developer or association.
11. List the number of sales that have occurred in the last 90 days.
12. Indicate if any single person or entity owns more than one unit. If yes, provide details on ownership.
13. Confirm the number of units that are over 30 days delinquent on their dues.
14. Specify any pending or outstanding special assessments and provide explanations if applicable.
15. Describe any ongoing litigation or dispute resolution involving the HOA.
16. Assess whether there are any adverse environmental factors affecting the project.
17. Clarify if the HOA has a reserve fund separate from the operating account and whether it is adequate to cover deferred maintenance.
18. Complete the sections regarding legal documents that may restrict the sale or transferability of title.
19. Answer questions related to the ownership structure of units, whether they are in fee simple or leasehold.
20. State whether the property operates as a resort hotel and provide relevant details.
21. Check applicable services and indicate if any part of the project is used for commercial purposes.
22. Fill in questions about insurance coverage for the HOA and the common elements.
23. Complete the final section with the names, titles, and signatures of the HOA representative and the E Mortgage Management associate.
24. Once all fields are completed, save your changes. You can also download, print, or share the form as needed.

Start filling out your EMM Condo Form Full Review online today!