Condominium, homeowner (HOA), and townhome community association board members and property managers prepare budgets to cover operational costs. These expenses include services (ex. landscaping, snow removal) along with routine maintenance, repairs, and replacement over time to ensure the property remains in good condition.

However, even the best fiscal preparation can be affected by various unforeseen factors … Read More ›

Condominium, homeowner (HOA), and townhome community associations are not immune from fraud. Recently in the news, multiple members of a homeowner’s association were arrested for suspected theft, money-laundering, and other charges. Investigators believe millions of dollars were stolen from the community’s budget through questionable expenses, personal purchases, and diversion of association funds.

Associations members can protect … Read More ›

Condominium, homeowner (HOA), and townhome community associations are not immune from fraud. Recently in the news, multiple members of a homeowner’s association were arrested for suspected theft, money-laundering, and other charges. Investigators believe millions of dollars were stolen from the community’s budget through questionable expenses, personal purchases, and diversion of association funds.

Associations members can protect … Read More ›

Effective January 1, 2022, the Federal National Mortgage Association (FNMA, otherwise known as Fannie Mae) established new regulations that now require certain types of community associations to provide extensive information associated with the condition of its building/s in order to obtain a loan insured by FNMA.

These regulations will specifically impact an association when an owner … Read More ›