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Condos

A collection of news and information related to Condos published by this site and its partners.

Top Condos Articles

Displaying items 23-33
  • What to do about noise in condo association?

    Q: I borrowed your book for first-time home buyers from the library a few years ago. I need to read it again, and this time I'll buy it. But in the meantime, I'm hoping you can answer a question for me related to homeowners' associations and the way...
  • Adequate reserves are only one of the requirements for condo associations under new lending guidelines

    Q: When we tried to sell our condominium, the buyer was denied a loan due to the fact the condo/management association did not transfer 10 percent into the reserve fund. What are the requirements for reserves and do we have any recourse against the...
  • Associations seeking ways to accommodate renters

    Associations seeking ways to accommodate renters
    The sentiment toward renters in community associations sways like a pendulum. During the construction boom of the 1990s, developers levied few restrictions so as not to deter prospective buyers. They wrote governing documents that largely permitted...
  • Financial questions and answers

    Q: My son is a graduate student and working for a retailer while in school. He wants to buy a high-rise condominium in Atlanta, Georgia. He's going crazy with his 3-hour-per-day commute to his job. Can you please let me know if this is a good time to...
  • Tips for buying a condo with help from parent

    Q: My mother plans on lending me enough money so I can buy a condo. What is the process? What documents do we need? A: My first recommendation is that you — or your mother or both — should consult with a local real estate attorney. Or at...
  • 'Transaction' broker not looking out for buyer's interest

    By Ilyce Glink and Samuel J. Tamkin Q: I was trying to buy a condominium in Florida when the agent told me he was a transaction agent but could help both the seller and buyer. Also, the seller wanted to sell "as is" and I was not able to get an appraisal...
  • Tax implications of selling investment condo at a loss

    By Ilyce Glink and Samuel J. Tamkin Q: I purchased a condominium in 1997 for $78,000 and rented it out shortly after my purchase. I took the standard depreciation during tax filing period each year. The condominium was paid in full in 2004. I sold the...
  • Board has a hang-up about answering owners' emails

    Q: Is there a mandated method of communication between community association members and board members? I prefer to send emails to each director so I know each board member got my communication. However, the board members refuse to reply to emails and...
  • Problem Solver: Short-sale letter shocks condo owner

     Problem Solver: Short-sale letter shocks condo owner
    Grace Harris has lived in her Hyde Park condo for 33 years. She has never missed a mortgage payment. She has never even been late, she said. So it was a bit of a shock when she received a letter in late November from her mortgage lender, Citi, telling...
  • Board is responsible for leaks from common elements

    Q: I bought a condominium unit five years ago, and after very heavy rainstorms, I experience water coming into my unit in various places throughout the unit via the ceiling. Each year, the board says it will fix the leaks, but I still experience them...
  • Unit owners irked by board decision on garage staff

    Unit owners irked by board decision on garage staff
    Q: I live in a high-rise condominium. Our seven-person board decided to terminate our garage staff to go to self-park without input from the unit owners. Many unit owners believe there will be adverse repercussions. Is there anything the unit owners can...