VA-backed mortgage faces hurdles in condo association
Q: I am a veteran and am trying to refinance my condominium unit through a mortgage backed by the Department of Veterans Affairs. However, our condominium declaration includes a right of first refusal, and the VA has stated that this provision must be eliminated from the condominium declaration before the VA will certify the association property as eligible for VA mortgages and refinances. Read the article……….
Q. What impact, if any, does the ruling in Palm v 2800 N. Lake Shore Drive Condominium Association have on
The condo boards of two North Side buildings sold their properties for deconversion to apartments, with the combined 34 units
The Illinois Appellate Court has invalidated a rule adopted by the board of a condominium that imposed a leasing restriction.