Tag: condo associations
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Want a Condo Deed? Watch for a New Level of Scrutiny on Your Mortgage Application
Ever purchased a condo unit? You may recall the lender checking up on whether the condo association is keeping enough money in reserve, whether anyone might be suing the association over structural issues, and so forth. Cautious lenders scrutinize the desired property as well as the hopeful borrower. Starting this year, this scrutiny is ramping…
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Is It Time to Do Away With Homeowners’ Associations (HOAs)?
Homeowners’ associations (HOAs) are made up of a few busybodies trying to have control over everyone else. So says Representative Juan Carlos Porras of Miami, who calls the HOA model a failed experiment. It’s a view that resonates with many people who have deeds to condo units and deal with daily life under a condo…
