Articles
Condo Crumbling? Tennis Courts Caving? Capital Improvements in Your Community Doesn’t Mean the Sky is Falling: Financing these Expenses Through a Loan
By: Lisa A. Crawford, Esq. and Kathleen N. Bagley, Esq. Chuck N. Little felt a tiny bump on the head. He stared up in distress at his multi-story condominium building, scratched his head and shouted, "The Condo is Crumbling! The Condo is Crumbling! I must tell the...
Special Challenges: Strategies for Addressing Issues Associated with Residents with Mental Illnesses
At first it looked like one of the residents was just a poor housekeeper. Plastic bags of garbage were visible through the windows of her condominium unit and dozens of cats were clawing at the windows. The Board was concerned about the presence of rats in the...
FHA Condominium Approval…. LOL!
Many prospective purchasers and homeowners seek out home financing insured by the Federal Housing Administration ("FHA") in order to purchase or refinance condominium units. In general, these loans have less stringent income requirements than solely private financing...
Lease-Purchase Agreements: Who Owns the Property, Anyway?
More and more frequently our office has been told by an owner in response to a demand for payment of their annual or special assessments or to enforce their community’s use restrictions that: “I don’t own that home anymore, I sold it under a lease-purchase agreement.”...
Consider Yourself FOREwarned: Life on the Golf Course
The house I grew up in was on a street called Golf Avenue. No house on the street had a view of the golf course. In fact, the street dead ended into a large, nicely landscaped privacy fence behind which was a parking lot for the city course. Interesting marketing!...
A Shot of Good Cheer, but Hold the Liability
As the end of the year approaches, many community associations prepare for annual meetings, holiday parties and similar gatherings that often include sharing food and drink. These get-togethers can be good forums for thanking community volunteers, meeting neighbors,...