Today CALL held its first Legislative Town Hall of the year and we were honored to have eight State Legislators in attendance, including Sen. Ring, Sen. Sachs, Sen. Sobel, Rep. Moraitis, Rep. Rogers, Rep. Rodriguez, Rep. Stark, and Rep. …
Community Update, Volume 4, 2014
Slow moving mortgage foreclosures often result in homes or units being vacant for years with the owner completely ignoring what transpires with respect to the property. The association notices someone seems to be living there – who is that person? …
HOA Reserves Generally Within Board’s Discretion
Question: The board of directors of my homeowners’ association has decided to “roll over” the surplus funds from our 2013 budget into a non-statutory pooled reserve account. Last year they overstated the amount necessary for …
Condo cannot collect safe harbor from mortgagee after foreclosure
Court explains “safe harbor” and says:
“individualized charges, such as interest, late fees, collection costs and attorney’s fees do not fit within the statutory or common sense understanding of “regular periodic assessments”
A …
Condo Associations & HOAs Losing Millions Nationwide
Financial controls are extremely important.
According to recent reports, more than 1.2 million worthless checks enter the banking system every day in the United States. Check fraud losses account for …
Federal Lawsuit Filed Against HOAs for Overcharges
HOAs are being sued in federal court for charging more fees, costs and assessments than permitted by law.
What Rules and Regulations are Enforceable?
I am often asked by readers whether guest restrictions are enforceable. Residents often want to know whether the Association can require them to notify management when guests arrive or whether it is appropriate to require guests to register with the …
The Association’s Decision to Foreclose
Associations in the past were reluctant to foreclose when the mortgagee already commenced its own foreclosure action or when the value of the property did not exceed the amount of debt secured by the first mortgage. That’s changing now.
Condos, HOAs and Coops Will Have the Ability to Demand Rent
SB 1196 Includes New Remedies for Collecting Money Owed to Associations.
Community leaders and managers have complained for years about investor owner delinquencies. Why should the owner continue to collect …
SB 1196 Changes Condo/HOA Official Records and Record Inspection Rights
Community association leaders and managers should become aware of changes to record inspection obligations now that SB 1196 has been signed into law.
Roster List (Condo):
The roster list is an important document. Telephone …