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 Ford’s Colony Homeowner’s Association is attempting to take control of Ford’s Colony Drive, which is in need of repaving.
Cape Royal Homeowners Association closed last week on a purchase of the Royal Tee Golf Course that was shuttered by
Question: We live in a pet-free community. I saw a lady walking a cocker spaniel yesterday on our grounds. I