Association Alert – Community Association Law Blog
Did Fannie Mae Just Update its Condominium Lending Guidelines Again?
Maintaining mortgage eligibility is one of the most important aspects of protecting property values. If your condominium association wants to keep units eligible for Fannie Mae financing, which ...
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Are Reverse Mortgages a Hidden Risk for Your Association?
Reverse mortgages allow homeowners aged 62 and older to convert home equity into cash without monthly payments. While this can be a financial lifeline for seniors, it ...
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What is a reasonable late fee for delinquent community association assessments?
Community associations depend upon the timely payment of assessments to maintain operations and protect property values within the community. Essential services including landscaping, snow removal, ...
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Owner to Owner Dispute – Lessons in Property Transactions
Owner to Owner Dispute – Over a Driveway Easement and Boat Slips: A recent case perfectly illustrated the importance of carefully reviewing your purchase and sale documents as well ...
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What Should Every Board, Owner, and Manager Know About Amendments?
If you serve on a condominium board, manage an HOA, or own property in a community association, you will benefit by understanding the process for amending governing documents. Amendments keep ...
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Winter Weather Reminders for Community Associations
As we deal with extreme winter weather, community association boards are dealing with challenges that come with snow, ice, and freezing temperatures. Proactive planning and effective communication are key ...
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What Happens If Your Annual Meeting Lacks Quorum?
Annual meetings are the cornerstone of association governance. They are where owners elect board members, review budgets, and learn about the board’s future plans. But what happens when ...
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