by Lawrence Szabo, Esq. | Apr 13, 2015 | Finances
Internal frauds committed by officers, directors, managers, and other employees in a position of trust are common threats that homeowners associations must contend with. These threats are generally a product of a permissive environment or misplaced trust. If an...
by Lawrence Szabo, Esq. | Mar 26, 2015 | Case Decisions, Construction Defects, Finances
UNPUBLISHED Michigan Appellate decision (March 24 2015) This case involved a dispute between a homeowners association (“Association”) and husband and wife owners of a condominium (“Owners”) over the validity of a $3,000 assessment levied on all owners to fund a...
by Lawrence Szabo, Esq. | Jan 19, 2015 | Finances
Homeowners associations must conduct periodic reserve studies in order to have a realistic estimate of the costs of repairing and replacing major common area components such as roofs. Ideally, an association will have funds set aside in a reserve account to cover the...
by Lawrence Szabo, Esq. | Nov 11, 2014 | Case Decisions, Dues and Assessments, Finances
Massachusetts Appellate Court decision (November 7, 2014) Homeowners withheld payment of monthly HOA dues because of a dispute with their HOA over parking rules and associated fines. The association filed a court action to recover the unpaid dues and establish a...
by Lawrence Szabo, Esq. | Nov 1, 2014 | Finances, Uncategorized
When is the best time to build your business plan for the upcoming year? Many agents set aside time in December or January to do this critical task. But the problem with waiting until January is that if you begin your planning then, you won’t be executing on the plan...
by Lawrence Szabo, Esq. | Nov 1, 2014 | Finances, Uncategorized
Whether you’re actively searching for a new place to call home or simply entertaining the idea of moving to a new location, you more than likely have a dream home in mind. However, if your dreams are out of line with your budget, getting into that dream home may seem...
