Condominiums in crisis: Financial troubles put many communities at risk (MD)
For five summers, a tarp has covered the swimming pool at Grand Bel II, a condominium community in Silver Spring that has no money for lifeguards, chemicals or insurance. The Vistas at Washingtonian Woods in Gaithersburg faces $600,000 in repairs but has just $400,000 in cash reserves. At Saxony Square in Alexandria, an unemployed man nine months behind on his mortgage negotiates with lenders to keep his two-bedroom condo. His neighbors struggle to pay their monthly fees; since 2010, Saxony’s board of directors has filed more than 80 court actions to try to collect such assessments. Read the article………….
The Stapleton Homeowners Association that blocked a homeowner from installing a radon mitigation system is now sticking her with the
The owner of an Aurora-based community association management company voluntarily surrendered his license after there were complaints he was diverting
The Heritage Landing Condominium Association has been sued after a homeowner fell into a loose manhole cover. Mike Mallen and