- Excess Residual Receipts
At December 31, 2017, we reported a finding for excess residual receipts as the project was not offsetting the HAP…
- Capitalization threshold for non-equipment
Does HUD have a maximum capitalization threshold for items such a building improvements and site improvements? We currently have $5,000…
- Commissions – Project Expense?
Earlier this year my client listed their HUD insured property and after receiving an accepted offer, backed out due to…
- Replacement Reserve Requirements
The Project paid off the mortgage and it has only HAP contract. The new Lender does not require any replacement…
- Surplus Cash Presentation
I wanted to see if you could help me figure out correct presentation of Surplus Cash for our client. I…
- Cost Segregation Study Costs
My client has recently purchased a multi-family HUD insured/financed property. They are considering contracting for a cost segregation study to…
- Nonmajor Programs
We have a HUD client who is a for profit entity. They qualify for an audit in accordance with the…
- Surplus Cash Distribution and Reporting Thereon
Our client calculated Surplus cash and did a distribution based on the June 30, 2017 financial results. I have not…
- HUD financed/insured property to be sold – final audit and filing requirements
Client is selling their HUD financed property at the end of August and the HUD loan will be paid off…
- Timing of HUD Financing and Reporting Requirements
I have a client that will be closing on a HUD backed mortgage shortly before their year-end. Is there any…
- 232 Surplus Cash
Can you point me to the surplus cash rules for a 232 loan (for a for-profit entity) and what HUD…
- MOR Inspections – How to disclose on prior findings
Several of our clients had MOR inspections during 2016. Do you know where I can find an example of how…