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Entries Tagged ‘Money’

NM: Condo owners have watched their water – and money – leak away.

Peter Baston, a middle-aged consultant with intense blue eyes, hauls out a box of corroded pipes to illustrate what’s wrong with the plumbing under Villa de la Paz, the quiet adobe condo complex near the intersection of Agua Fria and Henry Lynch roads. Originally from Community Associations Network National

FL: Sailwind Condo Assn. loses money to embezzler

A Gulf Breeze condominium association is refocusing its oversight practices after an estimated $114,000 was embezzled from its coffers by a former business manager. Originally from Community Associations Network National

DC: Don’t let your condo association mismanage money

Question: Within the last week, I was told by the property management firm at our community that reserve funds could not be used for some pool upgrades required by a governmental agency. Instead, it says only special assessment funds can be used. Originally from Community Associations Network National

Housing Counsel: Investing condo association money wisely (and legally)

Q. The treasurer on our condominium’s board of directors is a stockbroker. He has persuaded our board to allow him to invest our condo association’s funds with his company. Is this legal Originally from Community Associations Network National

IL: Stuck in a money pit, condominium owners try digging out

Focus on the positive, she says, on what her condo association is doing this week, not on the lousy developers and the city bureaucracy Originally from Community Associations Network National

FL: Property managers make money off condos’ insurance

Your property management company may be making money off your condo association’s insurance policy. Originally from Community Associations Network National

FL: Money File-Surviving the Condo Crisis

Condominiums are a popular lifestyle choice for many baby boomers, especially those who don`t enjoy time-consuming chores like landscaping. But condo life isn`t always easy. Owners could face unexpected financial pitfalls. In tonight`s “Money File,” Benno Schmidt has the story of an embattled condo owner, on a mission to save her community and her investment. [...]

FL: Condo Owners: Where Did Our Money Go?

Residents in an Orange County condominium community say their association is being grossly mismanaged and no one will step in to help them. Originally from Community Associations Network National

WI: Condo buyers want their money back

The buyers of eight condominium units at the financially troubled development are suing to rescind their purchases, and have their money returned. Originally from Community Associations Network National

IL: Condos that try to kill you and take all your money

Every home buyer worries and most of these worries fall into one of two buckets: either buying a money pit or suffering from declining value. Originally from Community Associations Network National

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