- Prepayment on early mortgage payoff
If a HUD insured mortgage is refinanced with another HUD insured mortgage, must the early payoff fee on the original…
- PPP Loan
Good Morning Les, My client's management company received a PPP Loan during 2021 and distributed approximately $34,000 to the multifamily…
- BRSPA Calculation
Hi Les, We have 221(d)(4) project, we have issued our audited 92330. The lender is questioning couple of lines on…
- PTET
Hi Les, Has HUD released an official position on pass through entity taxes? I assume it would be considered an…
- Status of new audit reports
Hey, Les - I know the AICPA has issued the new audit guides for governmental and single audits, but we…
- Operating funds before closing
Hello, We are auditing a multifamily new construction project under 221(d)(4). Closing has not occurred. We are currently doing the…
- single audit training request from member
Next Tuesday for the single audit training could you include in the materials the current single audit peer review checklist…
- Multifamily Extension with Grace Period
Les, Facts-I have a NFP owner certified multifamily client with a 6/30/21 year end that owns four small fourplex's with…
- Auditor’s Reports and Engagement Letters 12/31/21 after SAS 134
Hello. I am just checking to see if you will have updated auditors' reports and engagement letters for 12/31/21 for…
- Extra deposit to Replacement Reserves
I have a client who deposited $40,000 extra into the replacement reserves at year-end to reduce surplus cash. Is there…
- prepayment of mortgage and sale of project
We have a client that paid off a HUD insured 221 (d)4 mortgage (no section 8 or any other HUD…
- SSAE 19 – Impact on REAC AUP Engagements
Has there been any guidance issued for engagement letters, management representation letters, AUP reports for the implementation of SSAE 19?