Back From the Brink: Financial Ruin — and Recovery
happens infrequently, but when it does, it can be an enormous challenge: a co-op corporation or condo development has a long-running squabble with the building sponsor/developer, falls victim to long-term mishandling of funds — or outright fraud — by the board, or has to undertake a major unexpected or ill-prepared-for repair project. All of a sudden, they’ve got no money in the reserve fund, they can’t borrow against the property to make vital repairs, and residents are beginning to think they may have made a poor investment. Suddenly the whole building is on the precipice of insolvency. It’s a scary situation — but there are ways to edge back from the brink of financial wreck and ruin and get back on track. Here are some stories of communities who did just that. Read the article…………..
The bylaws of most community associations permit members to vote “in person” or “by proxy.” Voting “in person” means just
Finding a contractor who will perform quality work at a reasonable price can be a daunting task. It’s always a
A: HOA Board members may be asking, ‘can we prohibit firearms on properties within the HOA.’ Meanwhile, individual gun owners