Does a Successor Developer Have an Obligation to Pay Assessments under the Michigan Condominium Act?
The recent upswing in the real estate market has led to a resurgence of failed condominium projects in Michigan. During the economic downturn, many condominium developers went out of business and lost title to all of their units via a deed in lieu of foreclosure, foreclosure by a bank, tax foreclosure or bankruptcy leaving many condominiums unfinished. Read the article……………
Boards of directors of community associations (and, unfortunately, even the attorneys advising them) will sometimes mistakenly believe that co-owners are
What are the top 3 roadblocks preventing your Condominium Association from obtaining FHA Certification?
An FHA loan allows a buyer to purchase a condominium with a smaller down payment, and in some instances, at
Condominium associations are often faced with delinquent co-owners. Unfortunately, the days are long gone when a Condominium Association is guaranteed