August 1, 2023
Enhancing Community Safety and Financial Planning: New Reserve Study Standards Community Associations play a vital role in managing and maintaining the shared assets of their members. However, ensuring the safety and longevity of these properties requires meticulous planning and budgeting. In response to the tragic incident at Champlain Towers South, the Community Associations Institute (CAI) has taken decisive steps to…
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August 1, 2023
What Your Condo Association Needs to Know About the New Fannie Mae and Freddie Mac Lending Guidelines The Surfside condominium collapse led to significant reform in the condominium lending industry. In Lender Letter LL-2021-14, Fannie Mae and Freddie Mac implemented temporary lending guidelines in 2021 for condominium purchasers that desired to secure a mortgage as was previously discussed in…
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January 17, 2022
Homeowners Association May Be Liable to Adjoining Lot Owners for Failing to Maintain Seawall and Water Channel
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January 6, 2022
In regards to the Champlain Towers condominium collapse, Fannie Mae and Freddie Mac have updated their 2022 lending guidelines.
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November 18, 2021
It is not uncommon for condominiums and homeowners associations that are located within close proximity to each other to be part of a master homeowners association.
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December 23, 2020
Residential community developments in Michigan often use the rights of use afforded by recorded easements in order to permit the development of communities with multiple underlying individual residential projects.
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