Can a delinquent owner serve on the condo board?
Q: Our bylaws state that if a unit owner is delinquent 60 days or more, he or she cannot vote on any condo business, including election of officers. One unit...
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Decoding condo documents: Know the difference between declaration, bylaws
Q: Please explain the difference between a condominium declaration and the bylaws. I am a new member of our board of directors, and no one seems to understand what these...
Just how picky can home sellers be when choosing a buyer?
Q: I am 70 years old and do not plan to sell my home for a while, but what are my options when selecting the party to whom I sell?...
When selling a home, what charges do you have to pay?
Q: We have all heard about the high costs imposed on homebuyers — ranging from mortgage points, to title insurance and settlement fees. I just sold my house and was...
What can a condo board do if a unit owner is a hoarder?
Q: I am the president of our midsize condominium. One of our owners is a hoarder. She won't let us in to inspect her unit, but we have reason to...
What’s the difference between foreclosure and ‘deed in lieu’?
Q: My mother has a reverse mortgage and will soon be moving out of her home and into an assisted living facility. It appears she owes more than the home...
Prequalification versus loan commitment and other real estate myths
Q: We are buying our first home, and there is a financing contingency. We had 30 days to get a loan commitment. Immediately after the contract was signed by the...
Owners, never skimp on insurance — the association policy isn’t enough
Q: I am about to purchase a condominium and need to know about insurance. I understand that the condo association has insurance coverage, so do I need anything extra? A:...
Be wary of escalation clauses, and never, ever skip home inspections
Q: My wife and I are house hunting. A real estate agent friend told us that the market is hot, and there are very few houses available for a large...
Is a condo board obligated to call a vote when an investor comes knocking?
Q: I live in a 38-unit condominium building. I recently learned that an investor contacted our board of directors. The investor was interested in purchasing our building to deconvert it...