E-mails from members of the Board to Association employees are considered official records and must be maintained whether on paper or electronically to ensure compliance with the Florida Condominium Act.
Bankruptcy An Option for Financially Distressed Condos and HOAs
At Least Five Community Associations in Florida have filed for Bankruptcy Protection and Relief.
Reorganization through Bankruptcy Allows Communities to Restructure Obligations and Reduce Debt.
FHA Approval Huge Factor in Marketability of Units
HUD Implements New Approval Process for Condominium Projects to Qualify for FHA Insured Mortgages.
Website Allows Users to Search for FHA Approved Projects.
On June 12th the Department of Housing and Urban Development (HUD) published Mortgagee Letter 2009-19 announcing the new process for approval of condominium projects. As previously reported on this Blog, Fannie Mae, a federally backed lender, announced several changes to its standards, including the imposition of PERS review.
Protecting the Association Against Unlicensed Contractors
Associations lose hundreds of thousands of dollars to unlicensed and uncertified contractors every year. Associations should protect their property by avoiding unlicensed contractors.
Hurricane Preparedness & Insurance Claims Recovery Webinar
Members of Becker & Poliakoff’s Hurricane Preparedness and Claims Recovery Team presented “Hurricane Season 2009: Are You Ready to Weather the Storm?”
Shareholders Ken Direktor and Herb Brock explained the importance of developing a …
Posting Debtor Lists to Collect Delinquent Condo & HOA Assessments
The Florida Consumer Collection Practices Act Prohibits Associations From Posting Delinquency Lists and Taking Other Actions to Collect Assessments and Maintenance Fees.
Condominium Education Providers
A reader recently posed the following question:
In preparation of next years election of board members, where or how do I find a division approved education provider? How will the new member become aware of the educational …
Going Digital
Recently, Congress enacted legislation that requires all over the air broadcast television signals to be transmitted in a digital format. This means that the aerial, “rooftop” and “rabbit ear” antennas designed to receive analog signals will no longer be of …
Condominium Warranties and the Statute of Limitations
It is important for all condominium purchasers to know the very strong warranties that come with their purchase of a condominium unit. A developer grants each first-time purchaser of a condominium unit implied warranties under Section 718.203, Florida Statutes. The …
Are E-mails, Instant Messages (IM), & Twitter Transcripts “official” records of the Association?
The ever changing trends in technology will keep Associations on their toes about the “official records” aspect of E-mails, Instant Messages (IM), & Twitter Transcripts.