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Is An HOA Obligated To Pay the Mortgage on a Property It Foreclosed On?

Filed Under Collections, Foreclosure, Litigation

Posted January 3, 2012

A homeowner association’s ability to foreclose on a property for failing to pay assessments is a potent tool in collections. Unfortunately, many associations do not utilize this avenue of collections due to a belief that the association would become obligated to pay the first mortgage on the property if it ended up owning the foreclosedGo to Resource

Policies, Procedures, Rules, Regulations, and Resolutions: What’s the Difference??

Filed Under Amending Your Governing Documents, Governance

Posted January 3, 2012

You’ve, no doubt, heard the terms “resolutions, policies, rules, and regulations” used many times in the industry. But have you ever wondered what all these different terms mean and whether there is a difference in which term you use? Despite popular belief, there are subtle differences in these terms outlined in the checklist below. AsGo to Resource

CCIOA Corner – When Does an Association Legally Come Into Existence?

Filed Under Governance, Misc

Posted December 1, 2011

Have you ever wondered when an association legally comes into existence? Is it when the first home is built, or is it when the development plan is approved by the County? The correct answer is neither. According to Section 201 of CCIOA, a common interest community legally comes into existence when the declaration and platGo to Resource

Meeting Moment – Using Motions

Filed Under Governance, Meetings / Action Without Meetings

Posted December 1, 2011

One of the things presidents fear most about chairing their annual meetings is when emotional homeowners raise a subject that is not part of the agenda. This action could, if not properly handled, start the spiral that sends a meeting out of control. As the meeting chair, how should you handle that moment when aGo to Resource

Is Property Damage Caused by a Subcontractor’s Faulty Workmanship an Occurrence for Purposes of a Commercial General Liability Insurance Policy?

Filed Under Litigation, Maintenance & Insurance

Posted December 1, 2011

A Colorado federal appellate court recently issued a significant decision which should guide community associations and contractors to make helpful contract and insurance decisions. This court decision addressed the recurring issue of liability insurance coverage for construction projects In the recent Greystone case, the Tenth Circuit Court of Appeals, a federal court based in Denver,Go to Resource

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