The Fifth District Court of Appeals has ruled that associations may demand when a lender’s foreclosure sale date is set. The court ruled that associations, as junior lien holders, have an interest in the property and the maintenance they perform to the common areas inures to the benefit of the property. Because ofGo to Resource
Blog
Enforcement of the Red Flags Rule (RFR) begins December 31, 2010. RFR requires “creditors” with “covered accounts” to implement programs to identify, detect, and respond to patterns, practices or specific activities that could indicate identity theft. Does your association need to comply? The RFR provides that creditors who handle accounts with a reasonableGo to Resource
Recently, several major national lenders have responded to the so-called “Robo-signer” scandal by announcing either freezes or new procedures relating to foreclosures in various states, including Colorado. The impact of this national scandal may be somewhat mitigated by Colorado’s status as the lone state that utilizes the public trustee system. Even so, theGo to Resource
This story highlights the potential impact of lack of FHA certification in condominium communities. While we generally think of future sales, the lack of FHA certification can also derail re-financing attempts and it today’s economy with falling interest rates that could be a problem for associations. If your condominium community is not yetGo to Resource
Last month a Denver jury awarded parents $4M in a fatal drowning case, Colligan v. The Lakes at Monaco Pointe, which occurred not in a pool, but in a pond, less than 25 yards away from the little boy’s home. The evidence at trial showed that the apartment management was negligent in maintainingGo to Resource