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Homeowners Associations
Refinancing Guide
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If you live in a condominium complex or subdivision, you may have a homeowner's association and HOA board. Sometimes these organizations are great and sometimes they can cause major problems for you. I'll tell you about both.
New warnings about buying in the condo market
I have some new warnings for you before you buy a condo. Let me say first that the first real estate purchase I ever made was a foreclosure condo in 1978. I still own it and it's been a very profitable rental property for me over time. In the ensuing ...
Homeowners and condo associations foreclosing on banks that don't pay monthly dues
Some homeowners and condo associations are turning the tables on errant banks and foreclosing on them when they don't pay HOA or condo dues. Banks are required by law to pay monthly dues from the moment they foreclose on a property in a covenant community. However, the Community Associations Institute ...
Condo market may be rescued by conversion to luxury apartments
The condo market was among the hardest hit segments of real estate during the housing meltdown. But now two new trends hold a glimmer of hope for recovery for condo owners. With way too much money floating around during the bubble, developers were able to overbuild, dotting mid-sized and larger ...
Condo market facing new lending regulations
CLARKONOMICS: Clark is not a man who's afraid of the condo market. He knows the value of a condo typically fluctuates like an EKG -- up and down in rapid cycles. Single-family homes, by contrast, tend to rise slowly but steadily over time, barring a bubble market. The problem is ...
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