SB11-122 is now set for a hearing in front of the Senate Judiciary Committee next Tuesday morning. As we discussed in our February 1st post , we are not in support of the bill as it is currently drafted. There are continuing negotiations occurring which, if not productive, may mean that we needGo to Resource
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HOAs have only two more weeks left to register! All post-CCIOA community associations must register with the Colorado Division of Real Estate by March 1, 2011 or face penalties. For details see our article “Homeowners Associations Must Register Before March 1, 2011“. If you have questions or would like help registering, contact AltitudeGo to Resource
The Judiciary Committee will not be hearing testimony today regarding SB 11-122, as previously blogged about on February 4, 2011. At this time, a new date has not been scheduled for the hearing. We will keep you posted on the next steps in the process and what you and your community members canGo to Resource
Last week the mortgage serving unit of Bank of America filed a lawsuit in Nevada against dozens of homeowners’ associations over fees the associations charged to Bank of America after certain homes went into foreclosure. The suit claims that while Bank of America tendered payment of the 9 month super lien on propertiesGo to Resource
The Federal Housing Finance Agency (“FHFA”) recently changed its mind on how Private Transfer Fees (PTFs) should be regulated. A PTF is a deed-based fee that requires a percentage of a home’s sale price to be paid every time the property is sold. Previously, the FHFA proposed a rule that would have restrictedGo to Resource