Paying for repairs – without defaulting – was going to be an issue.
Paying for repairs – without defaulting – was going to be an issue.
Financial troubles? Rescue yourself.
Make sure that scary notices – like your building’s mortgage is in default – are sent directly to your board.
What constitutes “prompt action” when it comes to unit repairs?
The decision to pursue legal fees incurred by a board when a shareholder defaults often becomes a larger issue than the original default.
After years of neglect, how can a co-op prevent defaulting?
How can a condo collect common charges from defaulting unit-owners without spending a lot of time and money in court?
What options does a condo board have for screening the finances of purchasers?
How can a small or mid-sized co-op best protect itself from a shareholder’s financial default?
The chilling and very real prospect of defaults by condo sponsors.