The March 15, 2012 compliance deadline for ADA pool compliance deemed “POOL-MAGGEDON” by industry insiders has been extended. In an unexpected but not surprising move given the public outcry against the revised pool access rules, President Obama ordered a 60 day stay on the implementation of the enforcement of pool rules that requireGo to Resource
Category: Legislative Miscellaneous
The Secretary of State recently announced that they have added password protection for business owners and filers to safeguard against identity theft. When association’s file their annual reports online, filers now have the option to create their own password. As we previously discussed in our July 2010 blog, the state originally discovered aGo to Resource
What’s happening? A mortgage company has been telling lenders that, in order to meet FHA and VA lending requirements, Colorado community associations must waive their priority assessment lien rights (often called “super lien” rights) in order for units in their communities to obtain federally-insured mortgages. Altitude Community Law does not believe there isGo to Resource
“Back in the day” it was easy to get a loan if you had a credit score of 800, if you had a banking relationship, and had 20% down. In today’s world that might not be enough. As this complaint shows, lenders are scrutinizing condominium association finances and financial protections. FHA, Fannie MaeGo to Resource
The one year waiver on proof of HO6 policies at closings on FHA loans will expire on April 28, 2011. Therefore, unless your condominium association maintains an “all-in” insurance policy, now is a great time to remind your owners that they must show proof of a current HO6 policy if they are refinancingGo to Resource