Conominium Projet Questionnaire Full Form Instrutions Lener: Complete the irst table below an enter the ate on whih the orm shoul be returne to you. Homeowners' Assoiation (HOA) or Management Company: This orm has been sent to you on behal o an iniviual seeking mortgage inaning to purhase or reinane a unit in this projet. The mortgage lener nees this inormation to etermine the eligibility o the projet or mortgage inaning purposes. Complete an return this orm by (enter ate) to the lener liste below. Questions about this orm shoul be irete to the lener ontat. Lener Name Contat Name Lener Lener Phone Lener Fax Lener Email I: Basi Projet Inormation 1 Projet Legal Name 2 Projet Physial 3 HOA Management 4 HOA Name 5 HOA Tax ID # (i ierent rom Projet Legal Name) 6 HOA Management Company Tax ID # 7 Name o Master or Umbrella Assoiation (i appliable) 8 Does the projet ontain any o the ollowing (hek all that apply): a b e Hotel/motel/resort ativities, manatory or voluntary rental- pooling arrangements, or other restritions on the unit owner s ability to oupy the unit Dee or resale restritions Manuature homes Manatory ee-base memberships or use o projet amenities or servies n-iniental inome rom business operations Supportive or ontinuing are or seniors or or resients with isabilities Fannie Mae Form 1076/Freie Ma Form 476 Page 1 Marh 2016
Provie aitional etail here, i appliable (optional): II: Projet Completion Inormation 1. Is the projet 100 omplete, inluing all onstrution or renovation o units, ommon elements, an share amenities or all projet phases? I, omplete the table below: a b e Is the projet subjet to aitional phasing or annexation? Is the projet legally phase? How many phases have been omplete? How many total phases are legally planne or the projet? How many total units are planne or the projet? Are all planne amenities an ommon ailities ully omplete? 2. Has the eveloper transerre ontrol o the HOA to the unit owners?, ate transerre:, estimate ate the transer will our: III: Newly Converte or Rehabilitate Projet Inormation 1. Is the projet a onversion within the past 3 years o an existing struture that was use as an apartment, hotel/resort, retail or proessional business, inustrial or or other non-resiential use? I, omplete the table below: a In what year was the property built? b In what year was the property onverte? Was the onversion a ull gut rehabilitation o the existing struture(s), inluing replaement o all major mehanial omponents? Does the report rom the liense engineer iniate that the projet is struturally soun, an that the onition an remaining useul lie o the projet s major omponents are suiient? e Are all repairs aeting saety, sounness, an strutural integrity omplete? Are replaement reserves alloate or all apital improvements? g Are the projet s reserves suiient to un the improvements? Fannie Mae Form 1076/Freie Ma Form 476 Page 2 Marh 2016
IV: Finanial Inormation 1. How many unit owners are 60 or more ays elinquent on ommon expense assessments? 2. In the event a lener aquires a unit ue to orelosure or a ee-in-lieu o orelosure, is the mortgagee responsible or paying elinquent ommon expense assessments? I, or how long is the mortgagee responsible or paying ommon expense assessments? (selet one) 1 to 6 months 7 to 12 months more than 12 months 3. Is the HOA involve in any ative or pening litigation? I, attah oumentation regaring the litigation rom the attorney or the HOA. Provie the attorney s name an ontat inormation: Name: Phone: V: Ownership & Other Inormation 1. Complete the ollowing inormation onerning ownership o units: Entire Projet Subjet Legal Phase (in whih the unit is loate) I Appliable Total number o units Total number o units sol an lose Total number o units uner bona-ie sales ontrats Total number o units sol an lose or uner ontrat to owner-oupants Total number o units sol an lose or uner ontrat to seon home owners Total number o units sol an lose or uner ontrat to investor owners Total number o units being rente by eveloper, sponsor, or onverter Total number o units owne by the HOA Fannie Mae Form 1076/Freie Ma Form 476 Page 3 Marh 2016
2. Complete the ollowing table i more than one unit is owne by the same iniviual or entity. Iniviual / Entity Name Developer or Sponsor ( or ) o Owne Perentage Owne o Total Projet Lease at Market Rent Lease uner Rent Control 3. Do the unit owners have sole ownership interest in an the right to use the projet amenities an ommon areas? I, explain who has ownership interest in an rights to use the projet amenities an ommon areas: 4. Are any units in the projet use or ommerial or non-resiential purposes? I, omplete the ollowing table: Type o Commerial or n-resiential Use Name o Owner or Tenant o Square Footage Square Footage o Total Projet Square Footage 5. What is the total square ootage o ommerial spae in the builing that is separate rom the resiential HOA? Inlue above an below grae spae use or ommerial purposes, suh as publi parking ailities, retail spae, apartments, ommerial oies, an so on. Total square ootage o ommerial spae Fannie Mae Form 1076/Freie Ma Form 476 Page 4 Marh 2016
VI: Insurane Inormation & Finanial Controls 1. Are units or ommon elements loate in a loo zone? I, loo overage is in ore equaling (selet only one option below): 100 replaement ost maximum overage per onominium available uner the National Floo Insurane Program some other amount (enter amount here) $ 2. Chek all o the ollowing that apply regaring HOA inanial aounts: HOA maintains separate aounts or operating an reserve uns. Appropriate aess ontrols are in plae or eah aount. The bank sens opies o monthly bank statements iretly to the HOA. Two members o the HOA Boar o Diretors are require to sign any hek written on the reserve aount. The Management Company maintains separate reors an bank aounts or eah HOA that uses its servies. The Management Company oes not have the authority to raw heks on, or transer uns rom, the reserve aount o the HOA. 3. Supply the inormation requeste below. Do NOT enter ontat agent. Type o Insurane Carrier/Agent Name Carrier/Agent Phone Poliy Hazar Liability Fielity Floo VII: Contat Inormation Name o Preparer Title o Preparer Preparer s Company Name Preparer s Phone Preparer s Email Preparer s Company Date Complete Fannie Mae Form 1076/Freie Ma Form 476 Page 5 Marh 2016