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Lifting rental restriction could put association at risk
Q: We are a small condominium complex with a rental limitation. In an effort to protect our investments, owners amended the declaration to allow no more than 30 percent of the units to be rented at any one time for two years. At the end of the two-year...Tags: Politics, Computing and Information Technology Industry, Condos, Rentals, U.S. Postal Service
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Is board close-minded about open meetings?
Q: I am a member of a large multi-unit condominium association. To what extent is our association governed by the open meetings act? Can resident owners be permitted to ask questions or make reasonable comments to board members or the property manager...
Tags: Politics, Condos, Real Estate Buyers, Interior Policy, Housing and Urban Planning
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Condo policies can help or hurt property values
It takes more than a neat, attractive condominium or town house to make a sale at a fair price. Buyers have heard the horror stories of steep special assessments and deteriorating buildings. They expect the association to make a good impression as well as...
Tags: Politics, Condos, Real Estate, Values, Property
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New bus tours allow prospective buyers to tour HUD homes
New bus tours where anyone can get on-board and go tour homes for sale are now available for prospective buyers to ride. The tours just got started by Atlantis Realty Group, and they've already sold a few homes in a few weeks. The reason why is because...
Tags: Travel, Real Estate, Science and Technology, Tourism and Leisure, Homes
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New fees get residents coming and going
Q: Our condominium board will adopt a new set of rules and regulations effective next month. Can the board adopt rules that impose a financial burden on residents without a unit owner vote? One rule states every dog must be registered with the board on...
Tags: Politics, Interior Policy, Housing and Urban Planning, Finance, Economy, Business and Finance
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Board compensates itself outside of bylaws
Q: Within the first year of our association, the board members decided not to pay their monthly assessments and listed those amounts as a board credit on the association financial statements. The board held a vote of the owners to allow director...Tags: Politics, Punishment, Interior Policy, Fines, Housing and Urban Planning
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Ousted management company fails to cooperate with board
Q: Our condominium association has been managed by a management company. At the last board of directors meeting several weeks ago, a quorum of directors voted to terminate the management company. A certified letter was sent to the owner of the...Tags: Condos, Companies and Corporations, Mark Pearlstein, Economy, Business and Finance
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Kevin Hunt: Is This A Federal Reverse-Mortgage Offer Or A Scam?
The Hartford CourantThe successful scam letter looks authentic. But what happens when an authentic offer looks like a scam? Shirley Stewart of South Windsor recently received a multi-color form letter — the old style, U.S. Postal Service type — inviting her...Tags: Real Estate, U.S. Department of Housing and Urban Development, Mortgages, U.S. Postal Service, South Windsor
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Make sure estate plan for son is trust-worthy
Q: I put my estate in a trust. I would like to make sure that I understand everything correctly. I am leaving my house in the trust to my son. I was told that when I die the trust prevents probate. I want to make sure that when I go my son will just...Tags: Washington, DC, Rentals, Finance, Economy, Business and Finance
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Looking ahead to 2013 community association agendas
Year after year, community associations deal with an assortment of issues and challenges. Some are perennial, like what to do about owners who don't pick up after their dogs. Others rarely appear on the agenda, like keeping everyone safe during the...
Tags: Chicago Mortgages, Mortgages, NATO
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Bylaws set different standards for leasing units
Q: I bought a unit eight years ago as an investment property where I plan to live when I retire. At the time of the purchase, there were no rental restrictions for the unit. A recent proposal by some residents to increase the number of rentals from 5...Tags: Freddie Mac, Condos, Mortgages, Fannie Mae
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Board's gift to owners takes the joy out of reserves
Q. Our board has waived the assessments for all unit owners for December over the past two years as a holiday gift. They have taken money from the reserves to make up that amount in the budget. I believe this is a violation of the Illinois Condominium Act...Tags: Politics, Justice and Rights, Civil Rights, Laws, Housing and Urban Planning
Sep 27, 2012
|Column| Chicago Tribune
Sep 20, 2012
|Column| Chicago Tribune
Sep 20, 2012
|Column| Chicago Tribune
May 3, 2012
|Column| WXIN-LTV
May 4, 2012
|Column| Chicago Tribune
May 18, 2012
|Column| Chicago Tribune
Jun 14, 2012
|Column| Chicago Tribune
Jan 14, 2013
|Column| Hartford Courant
Nov 29, 2012
|Column| Chicago Tribune
Dec 6, 2012
|Column| Chicago Tribune
Jan 27, 2012
|Column| Chicago Tribune
Jan 6, 2012
|Column| Chicago Tribune
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