There are times when a community association may need to explore its funding options, such as if it is considering a large construction or renovation project for the community. A loan may be an attractive option to avoid relying on increased assessments, special assessments or reserves alone to fund the project. Ultimately, whether a loanGo to Resource
We tend to get quite a few questions about payment plans for delinquent accounts, beginning with “Why is this owner’s payment plan only three months? I thought it had to be a six-month minimum payment plan?” to “Do we have to offer a payment plan at all?” The answers to the above questions can beGo to Resource
Whether it be an unexpected repair or an insurance deductible, homeowners associations are more commonly turning to lenders for community association loans. This is especially true for condominium associations who may be facing large insurance deductibles related to hail damage. Loans for the Payment of Insurance Deductibles Over the last several years there have beenGo to Resource
As we say good-bye to 2019 and welcome 2020, many of us have created a list of New Year’s resolutions. Perhaps your community has made a resolution to lower expenses? Perhaps your community took it one step further and resolved to lower legal expenses? But how is an association to do that? Below is aGo to Resource
Elina is quoted in this article regarding “How Much Disaster Planning can you do without Increasing your Condo/HOA’s Liability?” published on www.HOALeader.com.