HOAs and Condo boards have tough choices when a special assessment is needed. Sometimes they involve owners in the decision, and sometimes they don’t. Here is a question from a reader: “Homeowners have asked the HOA and Board to structure the proposed Special Assessment in a way that is financially feasible for homeowners. Instead of [...]
Condo Law & HOA Law for Boards & Owners
Tag Archive: assessments
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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I wrote the book, The Condo Owner's Answer Book to address the unique situations that come with buying and owning a condo. It also discusses your rights and responsibilities as a condo owner and a member of a homeowner's association. Includes practicial answers to more than 125 questions about condo ownership. Available now from Amazon.com.