Category Archives: HOA and CONDO FINANCIAL ISSUES

Can You Sue For A Shortage in Reserves?

The questions are rolling in about association finances, reserves and loans for condos, including refinance, buy, sell, and reverse mortgages. Here are a few samples: “I am so mad at my condo association. I applied to refinance so I could avoid a jump in interest (yes, I have a variable loan coming up for the [...]

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HOA and Condo Assessment Forbearance Agreements

I receive a lot of questions about assessment collections from owners who are in delinquency with their assessment payments. A lot of people do not understand the extent of the rights of the association if they do not pay. It’s not like a mortgage where an owner whose home is foreclosed then can expect no [...]

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