In the News

In the News

Allowing Smoking in Common Areas May Invite Nuisance Claims

February 26, 2009    

As nonsmokers become more assertive about their right not to breathe secondhand smoke, there has been increasing litigation over the issue of smoking in condominiums.

A recent California case is an example of this, and it may push boards to consider eliminating smoking in the common areas...

Fannie Mae Adds Fees for Condo Buyers

February 1, 2009    

The Federal National Mortgage Association, or Fannie Mae, has taken steps to make the cost of purchasing or refinancing a condo more expensive, unless the purchaser makes a sizable down payment.

With many lenders already wary of condo loans because of their default rate, Fannie Mae has...

How Digital TV Transition May Affect Condo Associations

January 1, 2009    

Big changes are coming to broadcast television, and some of your members may have been contacting your management office with questions about the upcoming change. Currently, broadcast stations are broadcasting in both analog and digital. But on Feb. 17, 2009, all full-power broadcast television...

Final Guidelines for SORNA Released

August 31, 2008    

If someone tells your association that a sex offender is living in your community, confirming the accuracy of the information has been made easier through the Sex Offender Registration and Notification Act (SORNA). This law established a new, comprehensive set of minimum standards for sex...

How New Condo Lending Guidelines Affect Associations

June 30, 2008    

In an already difficult condominium market, Fannie Mae, the largest provider of financing for U.S. home loans, has adopted new underwriting guidelines that have since resulted in an increase in mortgage application rejections. The revised rules are a response to rising loan delinquencies and...