Association Governance

Deferred maintenance at forefront with revisions to lender questionnaires: how the secondary mortgage market is responding to surfside tragedy

Deferred maintenance at forefront with revisions to lender questionnaires: how the secondary mortgage market is responding to surfside tragedy

On October 13, 2021, the Federal National Mortgage Association issued Lender Letter to take effect January 1, 2022. This Lender Letter temporarily revises the eligibility requirements for lenders issuing loans that may be purchased by Fannie Mae for properties located in condominiums containing five or more attached units.

Plan, Don’t React: 5 Things Every Board Member Must Consider for Long-Term Planning

Plan, Don’t React: 5 Things Every Board Member Must Consider for Long-Term Planning

Long-term planning is one of the primary duties an individual undertakes when seated on the board of directors for a community association. There is a constant balance that must be found between a desire to keep assessment levels steady (and low) and ensuring that the items which the association is responsible for repairing, replacing and maintaining are properly handled in the short and long-term.

Communications: When the board has different priorities

Communications: When the board has different priorities

The successful and effective administration of a community often depends on several players, each bringing a unique, and necessary, factor to the equation. This composition includes the diverse background of the community association board members, and potentially other resources, The successful and effective administration of a community often depends on several players, each bringing a unique, and necessary, factor to the equation. This composition includes the diverse background of the community association board members, and potentially other resources,

Michigan Lifts COVID-19 Restrictions

Michigan Lifts COVID-19 Restrictions

On June 22, 2021, Michigan’s Department of Health and Human Services rescinded Michigan’s COVID-19 epidemic orders. This action came some nine days ahead of the July 1, 2021 date that had been previously announced for the repeal of these orders.

Can you Foreclose on Just Unpaid Fines? How a Recent Decision from the Michigan Court of Appeals May Impact a Condominium Association’s Ability to Collect Unpaid Fines

Can you Foreclose on Just Unpaid Fines? How a Recent Decision from the Michigan Court of Appeals May Impact a Condominium Association’s Ability to Collect Unpaid Fines

In a unanimous but problematic decision issued on February 25, 2021 in Channel View East Condominium Association, Inc. v Ferguson (Docket No. 351888), a panel of the Michigan Court of Appeals held that a condominium association did not have authority to...