Some important news has just been released that is good news for both Condo Associations as well as Home Owners Associations [HOA] that should bring some financial aid on delinquent owners fees and dues.
Here is the problem………..over the last 4 years, Associations and its board or management groups, have been slow to react when owners become late on their fees, assessments, and dues. Most had the treasurer send a short friendly note in the mail as a reminder of the overdue payment. Most were ignored. Owners late on their payments were a sign of another problem, the unit was most likely headed toward a short sale or foreclosure status. Most owners felt that they had 6 months to a year before their Association would pursue the additional expense of any legal action. …continue →
I guess the easiest and quickest way to help an investor make a decision is to target your specific objective. You then can be the judge about which price category you fall into based on your available funds. Each category below is different. Each is also time sensitive, and what may be a good direction for your money today, may not be the same in a year or two. I have also broken it down into tier’s so you can quickly get to your price range info. Here are the best of the best! …continue →