Ct Condo Owners

CtCondo Boards Giving Property Managers Blank Checks

October 19, 2012
By

The Connecticut General Assembly tried to do a good thing by putting limits on how much money property managers can write checks for without prior approval from the board of directors or for requiring the signature of a board member. Our legislators trusted the boards of directors to set reasonable limits. Big mistake in...

Read more »

Hartford Condo Suit Illustrates Issues When Buying Into Small Complex

September 21, 2012
By
Hartford Condo Suit Illustrates Issues When Buying Into Small Complex

When considering buying a condo in a small complex, keep in mind the fewer the units the more potential there is for nightmares. On the surface, everything may look fine in a complex with fewer than 50 units, but things can turn ugly quickly. I am sure that the handful of people who purchased...

Read more »

800,000 Americans Missed Out On Mortgage Modifications Because Of Big Bank Incompetence

September 12, 2012
By
800,000 Americans Missed Out On Mortgage Modifications Because Of Big Bank Incompetence

Foreclosure Fail: Study Pins Blame on Big Banks A study by government and academic researchers finds that approximately 800,000 homeowners missed out on mortgage modifications because of big banks’ poor performance. (David Zalubowski/AP Photo) Written by Paul Kiel Over the past several years, we’ve reported extensively on the big banks’ foreclosure failings. As a...

Read more »

Illinois Appeals Court May End Up Helping Connecticut Condo Owners Protect Themselves

August 18, 2012
By
Illinois Appeals Court May End Up Helping Connecticut Condo Owners Protect Themselves

A three judge-parent of Appellate judges in Illinois has made what may turn out to be a national precedent protecting condo owners. The panel ruled that associations are duty-bound to repair and maintain the common elements. Condo owners around the country – including Connecticut – are required to pay their condo maintenance fees even...

Read more »





c-hit logo