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Condo and HOA Assessments

Do Condo Sellers Have to Disclose Future Assessments? What Holcomb Clarifies About MCL 559.211 When buying a condominium in Michigan, one crucial question often arises: Who is responsible for unpaid assessments—the seller or the buyer? Michigan law, specifically MCL 559.211, does provide some protection for buyers,

Michigan Court Confirms: Tax Foreclosure Sale Does Not Eliminate Obligation to Pay HOA Assessments On May 12, 2000, the Michigan Court of Appeals issued an important decision in Lakes of the North Association v. Twiga Limited Partnership, clarifying that a Michigan tax foreclosure sale does not

Understanding the Michigan Reserve Study Bill: Essential Updates for Condominium Associations  Did you know that Michigan's HB 5019, a new bill pending in the Michigan House, aims to bring significant changes to the way condominium associations manage their reserve funds? Currently, Michigan law requires that condominium associations

Ensuring Financial Stability: When to Initiate the Collection Process for Condominium Associations Condominium associations occupy a critical role in maintaining the economic health of community living spaces, balancing the delicate intersection of collective responsibility and individual financial obligations. Ensuring financial stability within these communities hinges on

Unlocking Success: Using Legal Representation Over Collection Agencies for Delinquent Condominium Assessments  Community associations in Michigan play a crucial role in maintaining the integrity and functionality of shared living spaces. However, when faced with delinquent condominium assessments, these associations often encounter significant challenges in recovering the