U.S. Supreme Court ruling preserving second mortgages in Chap. 7 bankruptcies exposes flaw in bankruptcy code for community associations
The recent decision by the U.S. Supreme Court in the case of Bank of America v. Caulkett represents an important win for mortgage lenders as well as community associations. The court ruled that homeowners who are underwater on their first mortgage cannot void second mortgages by filing for Chapter 7 bankruptcy, and the ruling also appears to apply to other secured lienholders including community associations. Read the article………..
The Transition Engineering Report: Triggering The Statute of Limitations in Condominium Construction Defect Cases
Earlier this year, the New Jersey Appellate Division reversed a Bergen County trial court decision, which had dismissed a construction
Vail Run Community Resort Association, Inc., a condominium complex in Vail, Colo., and its management company, Global Hospitality Resorts, Inc.,
Is Your Association Is Planning a Maintenance, Repair or Restoration Project? You Better Read This First!
At some point in time, every association is faced with a major maintenance and repair undertaking, whether it be concrete