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New Associations

/ Owner - January 27, 2014

Developer

Developer Article Archives

Transition

  • Community Association Transition Litigation and the Selection of Experts
    In the realm of civil litigation, the involvement of “experts” can make or break a case. An expert is a qualified individual with specialized knowledge, skill, training, education, or experience in a particular field relevant to the issues at hand in the case. These experts are called upon to provide their professional opinions, analyses, or interpretations on complex or technical matters that are beyond the understanding of the average person or the typical juror.   Read the article………………………..
  • Tips for a Successful Condominium or Homeowner’s Association Turnover (FL)
    Several things that can be done by the Association prior to and immediately after turnover for the benefit of the community. This information will benefit not only any forensic engineering firm in performing a Property Condition Assessment Report, but the community operations as a whole.   Read the article………………………..
  • Homeowners asking for change in developer-controlled HOAs (KS)
    Residents of one Charlotte neighborhood are concerned about their developer-controlled HOA    Watch the news report………………………..
  • Homeowners vs Developers: The fight for HOA control in North Carolina
    A drive down Grand Palisades Parkway supplies 20-years worth of the subdivision’s history in just three miles. There are new apartments, older homes, construction of single-family subdivisions and zoning changes planned for even more development.    Read the article………………………..

Transition Article Archives

 

Buying/Selling

  • Lenders Identify Risks and Opportunities for Condo Lending (FannieMae)
    With the U.S. housing market continuing to confront the significant supply shortage of homes for sale, condos may play an important role in narrowing the supply gap of affordable housing options1. While condos represent nearly 10 percent of the mortgage market, they often play a larger role in many metropolitan areas2. Condos also present unique risks, as condo owners share financial responsibility for the operation and maintenance of the common areas and shared amenities. The complexities of underwriting condo project eligibility may also increase the costs and timelines for some lenders to approve and close these mortgages.  Read the article…………………………….
  • Insurance Changes Could Lead to Association Members’ Inability to Sell Their Units
    Fannie Mae and Freddie Mac are large, government-backed companies that play a crucial role in the mortgage market. In late 2008, following the global financial crisis, the federal government took over operations at both companies, and these government-sponsored enterprises (GSEs) now guarantee most of the mortgages in the United States. Read the article…………………………….
  • Ask a real estate pro: How can we find out about upcoming assessments before we buy a condo?
    Q: Before buying our unit, we rented another apartment in the condominium for a month and tried to meet as many people, including staff, to learn as much as possible. Shortly after we bought our unit, the building passed a special assessment to boost reserves. We were sent a letter about another assessment to go with the annual dues increase. When I asked about these increases, I learned that the building needed repairs and is having a dispute with the developer about construction defects.   Read the Q&A…………………………..
  • What Is a Condo? Everything You Need to Know
    Tired of living in an apartment? Need to downsize? Then a condominium, or a condo, may be the home solution for you. But what is a condo?   Read the article……………………………
  • What Is a Homeowners Association (HOA) and How Does It Work?
    A homeowner association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents. Those who purchase property within an HOA’s jurisdiction automatically become members and are required to pay dues, which are known as HOA fees.   Read the article…………………………….

Buying & Selling in a Community Association Archives

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