Tag Archives: struggling

Strapped associations can fight back

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

A legal tactic that forces lenders to either pay up or get out of communities governed by a homeowners association has been sanctioned by three courts in Florida. And it couldn’t come any sooner for the millions of associations struggling with the impact that nondues-paying owners are having on their communities.
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IL: Chicago couple deals with toxic mold, unresponsive bank

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Now they find themselves in a situation faced by a growing number of condo owners. As the foreclosure process stretches past the two-year mark, they are struggling to maintain the empty unit and stanch the bleeding in their homeowners association fund from lost assessments.
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