Resources Archive - Page 56 of 79 - Altitude Community Law

To Amend or Not To Amend? That is the Question

Filed Under Amending Your Governing Documents

Posted August 1, 2012

Over the years, the law with respect to community associations has changed and morphed in many ways. If your community’s documents are more than five years old, it may be time to examine your documents and determine if they are doing your association more harm than good. Analyze the Risk Consider having your documents reviewedGo to Resource

Short Sales and Homeowner Associations

Filed Under Collections, Foreclosure, Litigation

Posted August 1, 2012

A short sale is a sale of an owner’s property where the proceeds from the sale will fall short of the balance of debts secured by the liens against the property. Nevertheless, because the owner cannot afford to repay the entire amount, the lien holders agree to release their liens on the real estate andGo to Resource

CCIOA Corner—Insuring Condominium Units

Filed Under Maintenance & Insurance

Posted May 1, 2012

If your association is a condominium community created after July 1, 1992 (post-CCIOA), take a look at your property insurance policy and see if the association maintains a “bare walls” policy. If so, this insurance policy may be subject to challenge regardless of what your governing documents might require. A “bare walls” policy typically coversGo to Resource

Meeting Moment – Vision, Leadership and the President’s Report

Filed Under Governance

Posted May 1, 2012

Surveys have found that speaking in public is one of many people’s top fears. Perhaps that’s one reason why, when preparing for homeowner meetings, the president usually spends most of his or her time anticipating how best to handle difficult issues, and comparatively little time preparing for the president’s report. It’s natural for a presidentGo to Resource

Collections Options for Properties Owned by LLCs, Trusts, and Estates

Filed Under Collections, Litigation

Posted May 1, 2012

Most properties are owned by individuals. Collections for unpaid assessments due from individuals generally involve lawsuits against the owners, leading to wage garnishments, bank garnishments, or tenant garnishments. However, occasionally a board is faced with attempting to collect unpaid assessments on a property owned by another type of owner, such as an LLC, a trust,Go to Resource

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