Condominium, homeowners, and townhome community associations typically schedule in-person meetings to address association business. However, board members and property managers have begun utilizing tele-conferencing technology to conduct virtual meetings.
While there may be some initial resistance to virtual meetings, it’s hard to overlook the accessibility, affordability, and convenience of tele-conferencing technology. Video and audio-conferencing software such … Read More ›
Hacking can be defined as the breach of a computer system in an attempt to exploit weaknesses in a network. As online commerce continues to grow and individuals search for ways to make bill paying more convenient, security threats are inevitable. Monetary transactions, including association assessment payments, have become increasingly more susceptible to the risks of cyber … Read More ›
According to the various news channels including ABC and NBC, Cook County holds nearly $16 million in surplus funds. Surplus funds are created when foreclosed properties are sold for more than what the owner owed to the bank. Due to the real estate market rebound, there has been an … Read More ›
In recent years, there has been an overall improvement in the real estate climate. However, many condominium owners continue to lose their units due to their failure to pay property taxes, leaving condominium associations exposed.
In the event a unit owner neglects to pay its property taxes, the unpaid balance may be sold to a third … Read More ›