Condominium blacklists: Secretive lending questionnaires impacting affordable housing

Condominium blacklists: Secretive lending questionnaires impacting affordable housing

Fannie Mae and Freddie Mac are compiling troubling blacklists that prohibit mortgage financing for entire condominium or housing cooperative buildings. As the blacklists grow, community managers and board members have no knowledge their buildings are on them. When people are unable to buy and sell units in these buildings, property values may be affected.

HOA assessments: What they cover, why you need to pay, and what happens when you don’t

HOA assessments: What they cover, why you need to pay, and what happens when you don’t

Much like local, state, and federal governments collect taxes to fund public services and programs, assessments are part of living in a community association. Homeowners have a responsibility to pay their assessments on time. Unfortunately, some owners refuse to pay or can’t pay assessments. What does that mean for the community? And how should board members respond?

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