Articles of Interest
 
 

 

Condo associations are turning to receiverships to collect rent on foreclosed unit - Palm Beach Post 12-28-09

 

Nearly 70 percent of the owners at the Kensington of Royal Palm Beach Condominium are delinquent on their association fees.
At the Paradise Cove at Palm Beach Lakes condo, 48 percent of owners owe back dues.
And at Cypress Estates of Palm Springs, 56 percent of units are in arrears.
The three communities share the same story. Investors bought heavily during the boom, but now sit on units worth half what they paid.... Read Full Article

 

COMMUNITY ASSOCIATION LIVING PROTECTION ACT

 

The draft of Proposed legislation for revival of the potential for community associations is ready.Please review it at  http://www.markrbenson.com/ 

 

Lawmakers Look for Ways to Aid Condo Associations - Miami Herald, 3-02-09
BY MONICA HATCHER..Harvey Berman, president of Royal Oaks condominium in the California Club area of Miami-Dade County, takes a lot of flack from dues paying residents in his building who are peeved about other owners in foreclosure and behind on their association fees.
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Summary of 2008 Legislative Changes - Dicker, Krivok & Stoloff, P.A.
 
The Florida Legislature has recenlty passed and the governor has signed into law amendments to various provisions of the Florida statutes concerning condominiums and homeowners associations. The effective date of the amendment to the homeowenrs association statute is.... Read Full Article

 

RE: 2008 Legislative Changes and Impact on Condominium Association Insurance-Adam K. Lopatin, Senior Vice President, Wells Fargo Insurance Services
 
Please find a brief summary below of changes affecting insurance enacted by HB601.
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Florida Statute Changes Effective July 1, 2008 - Hilley & Claire Wyant-Cortez, P.A.
 
Florida statutory changes affecting homeowner associations, effective July 1, 2008...
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The Board President
 
Roles and Responsibilities in Community Associations. Read Full Article

 

Condo foreclosures hurt others, too By Marcie Geffner
 
When too many condominium owners lose their units to foreclosure, condo associations feel the financial pain. That's bad news for homeowners and real estate investors who depend on these associations to take care of building maintenance, property insurance, ....
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BOARD FIDUCIARY RESPONSIBILITIES
 
Congratulations! You’ve decided to be proactive and become a member of your community’s Association’s Board of Directors! You have undertaken a very important job in your community!
The purpose of this article is to acquaint you with the standard of conduct that is expected of community association board members.
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Association Strategies and Options in Difficult Times - Claire Wyant Cortez, P.A.
This letter comes to discuss the strategies and options your association faces in these difficult economic times. As you are aware, as a board member, you have a fiduciary duty to act in the best ineterest of your association....
 

 



 
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