[mc4wp_form id="5389"]

Tag Archives Loan

Condominium Associations Can Borrow Money

Posted on

Q: My condominium association board recently said it is considering replacing all of the roofs on our buildings and taking out a big loan pay for it. Don’t unit owners have to vote on this? (M.M, via e-mail)

Share this article

The Association’s Decision to Foreclose

Posted on

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.

Share this article