In the News…

CondoHOALaw App

A new app has been created be the law firm of Katzman Garfinkel & Berger. The App currently contains the statutes for the 14 U.S. states that have the largest populations of community association residents: Arizona, California, Connecticut, Florida, Georgia, Illinois, Nevada, New Jersey, New York, North Carolina, South Carolina, Texas, Virginia and Washington DC.  Sun Sentinel (Florida)

 

$50 million lawsuit against Loudoun board, homeowners associations

Telecommunications provider OpenBand filed a $50 million lawsuit Tuesday against more than a dozen defendants in Loudoun, alleging that county supervisors acted beyond their authority in their efforts to negotiate an agreement between the Dulles-based company and the communities it serves.  The lawsuit added to the years-long, litigious drama involving OpenBand, its customers and the Board of Supervisors. Defendants include the board, two of its members and two homeowners associations.  Washington Post (Maryland)

 

Campaign signs in CICs are a private matter, not a free-speech issue
Many common-interest communities prohibit residents from displaying campaign signs and other messages on their lawns. Residents such as Dianne Black of St. Paul, Minn., say the rules violate the right to free speech, but a spokesman from the Minnesota Secretary of State’s Office says that after residents sign papers related to a CIC’s regulations, it becomes a private matter. Such restrictions are meant to preserve property values in CICs and to help keep the peace among neighbors, a real estate lawyer says. Pioneer Press (St. Paul, Minn.)

 

New lending rules will affect condo buyers, HOAs
Fannie Mae this week will change the lending rules for home buyers looking for a condo or a property that falls under a homeowners association. The mortgage financier’s director of media and external relations says condo buyers will have to fill out a questionnaire about the homeowners association’s financials and reserves when putting less than 20% down; previously such questionnaires were required when putting less than 10% down. The new rules also will require the lender to review HOAs’ budgets. Chicago Tribune (free registration)

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