All too often, condominium, townhome, and/or homeowner associations enter into contracts that are no more than a one- or two-page proposal. The deficiencies in these contracts often only come to light when there is a problem.
Accordingly, it’s critical that association board members:
Proactively address basic issued involved in vendor contracts, and
Work with legal counsel to review … Read More ›
In the late 1970s and early 1980s it was not unusual for mortgage interest rates to exceed 12%. As a consequence, many purchasers were unable to obtain traditional financing for residential units, forcing sellers to offer various alternative and creative financing arrangements if they wanted a realistic chance of selling their homes. One of the … Read More ›