In a recent case heard by the Illinois Court of Appeals, Muhs v. Fox Point Homeowners Association (the “Association”), the Appellate Court of Illinois ruled in favor of a homeowners association, stating that the association was...
Corporate Transparency Act – HOAs and Condominiums Need to Prepare For New Federal Reporting Requirements
In 2021, in the wake of scandals involving the use of shell companies to hide assets, Congress passed legislation known as the Corporate Transparency Act (the “CTA”). The broad legislation is aimed at people who use LLCs and corporations as “shell” companies to hide assets. For years the legislation sat dormant while official...
Association Common Area Can Be Foreclosed and Sold to a Third Party for Unpaid Property Tax
Our office has had two situations in the last six months where an association failed to pay property taxes on association common area, the tax department foreclosed, and a...
HOA/Condo Op-Ed Article Published Today
I was asked by The Charlotte Observer and Raleigh News & Observer to respond to recent reporting looking at changing North Carolina’s HOA/condo laws. My article, “Caution: When NC HOA Laws Change, Property Values and More Are at Stake,” appears in both newspapers today. If you are a subscriber, links to both are below and the full...