Most boards have experienced more than their fair share of frustrations in the short sale process. In a short sale, the mortgage company accepts less than is due on the mortgage to allow a property to sell to a new homeowner. It is common for the board, manager, or attorney to be contactedGo to Resource
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The Denver Post reports that the local housing market is showing signs of improvement as both the demand for houses and the number of houses under contract is significantly up from the prior year. There is no doubt that favorable interest rates are helping to fuel this activity in the residential real estateGo to Resource
A recent article in the Miami Herald indicates that as many as 90% of all companies in the United States are family-owned. The article proposes several questions that owners of family-owned businesses should consider when contemplating the sale of the family business. Why are you considering the sale? Clearly identifying the reason forGo to Resource
Want to avoid a future lawsuit about your contract? Make sure it has a clear, reasonable termination clause. Lawsuits are, unfortunately, a common outcome when the parties to a contract don’t have any other way to get out of a contract they’re unhappy with, or when they don’t agree on who gets paidGo to Resource
A homeowners association in Austin is being sued for failure to conduct an audit, failure to allow homeowners access to financial records, and other money-mismanagement type claims. As stated in this recent story: homeowners are questioning the financial practices of the Sunchase condominium association board and management company. The Austin Police Department isGo to Resource