Many owners feel the way these owners do: “My wife and I feel our HOA fees are outrageously high. When we first purchased our condo our fees were in the $350 range. A few years later the entire complex needed to fund total deck replacements. Our monthly HOA fees doubled for a few years to pay [...]
Condo Law & HOA Law for Boards & Owners
Tag Archive: FINANCIAL REPORTS
Must Condo Boards Seek FHA Certification? Renew?
Must boards of Condos apply for and keep up certification for FHA loans? Here is an email from a frustrated reader: “I have my condo for sale, and found out that our Homeowner’s Association’s FHA certification expired 12/31/2010. I have had two offers to purchase which need to be FHA…I understand that our property [...]
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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.