Most associations have about ready to start creating the 2013 budget and as this article from the Chicago Tribune indicates budgeting isn’t just about increasing things across the board or refusing to increase assessments at all — it’s about a thoughtful process. The very first thing you board should consider is what areGo to Resource
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FHA Officials have advised CAI of their intent to release revisions to the existing condominium approval guidelines prior to September 2, 2012. Per CAI’s MortgageMatters post, the revisions are intended to provide flexibility for condominiums while enhancing risk management standards enforced by FHA. While we do not expect the revisions to offer substantiveGo to Resource
The City of Thornton recently instituted a Stage 2 drought warning, which places watering restrictions on residents in the City of Thornton. What does this mean for associations in the City of Thornton? Can those associations still send violation letters and/or fine for dead lawns? Colorado law says that associations can take enforcementGo to Resource
For the first time data security is the most prevalent concern among both corporate general counsel and directors, according to the 2012 “Law and the Boardroom” survey by FTI Consulting and Corporate Board Member. Data security ranked higher than even operational risk or loss of reputation. The reasons why cybersecurity weighs so heavilyGo to Resource
As the housing market continues to improve, we are seeing increased activity with respect to the purchase of residential units by investors. Such investing is being utilized by large corporations as well as individuals with one or two investment properties. In addition, house flipping, which experienced widespread popularity before the burst of theGo to Resource