MyCondoNews | Condo News & Reviews

Arthur Laro of Wells got an unpleasant surprise when he learned that a proposed rate restructuring by the Kennebunk Kennebunkport and Wells Water District would mean a $6,000 annual increase to his condo association in charges for its water irrigation system.

Originally from National Community Associations News

Condominium and homeowners associations that have added storm shutters, reinforced doors or roofs and put in impact-resistant glass to make their buildings more storm-resistant can get a bigger break on their windstorm insurance.

Originally from National Community Associations News

An increase in foreclosures is affecting entire neighborhoods on the Suncoast, potentially causing your homeowners association dues or condo fees to go up.

Originally from National Community Associations News

As the wave of foreclosures rolls across Florida, homeowner and condo owner associations are getting swamped.

Originally from National Community Associations News

Even if you have a large down payment (and don’t need PMI), you should think about owner occupancy of the condo association you are thinking of buying in.

Originally from National Community Associations News

The current financial crisis in the national housing market is forcing local condominium associations to make dramatic changes in their bylaws in order to prevent values from further declining.

Originally from National Community Associations News

A new federal safety law that went into effect last month requires new drain covers to be installed in most of Florida’s 37,000 public pools. The upgrade could cost from hundreds to thousands of dollars per pool — an expense that, in most cases, will be shared by the condo residents or homeowners.

Originally from National [...]

For the first time in the short history of this industry, condominium and homeowners associations are considering filing bankruptcy. Not only is this a catastrophe for property values, where once lenders thought nothing of loaning a condominium association several million dollars, there now has to be a new level of evaluation and qualification before a [...]

It may be a lousy time to sell a South Florida condominium, but with record low prices and high numbers of units for sale, it’s a good time to be a buyer

Originally from National Community Associations News

A cash crunch caused by foreclosures is becoming a major problem for many condominium and homeowner associations statewide, according to an advocacy group’s survey.

Originally from National Community Associations News