Condo-HOA Blog - Wa Condominiums
The Sky is Falling...The Sky is Falling!
The sky is not falling, but we are experiencing substantial economic turmoil that will be with us for many months to come. A homeowner association board of directors should take specific, aggressive and proactive steps to protect itself and its members from the fallout from this recessionary economy. read more
Dealing With Problematic Homeowners
One of the biggest challenges a homeowner board faces is irrational conduct by a problematic homeowner. Sometimes the quickest, and LEAST expensive resolution of such a dispute is through immediate court intervention. read more
View Covenants: How Far Can a HOA Go?
Many homeowner associations have covenants in their CC&Rs that limit a homeowner's right to restrict a neighbor's view. These view restrictions can be tricky to draft and enforce. Aso, there are several legal defenses an offending homeowner may rely upon to defend against an association's enforcement action. read more
New Fannie Mae Condo Lending Rules
Fannie Mae recently changed its underwriting rules for condominium loans. Under these Full Reviews, lenders are now required to assess the financial strength of condominium owners associations, as well as the credit and assets of the individual prospective condominium purchasers. read more
Tower Condominiums and Mixed-Use Condominiums
The last few years have brought with them a substantial upturn in development of large tower condominium and multi-use condominiums in the Pacific Northwest. The interests of each sub-association, whether hotel, grocery store or residential homeowners, often conflict. In these instances, the homeowners should ensure they have well-qualified legal counsel in their corner. read more