When a bank forecloses on a home in a South Carolina homeowners association, the property may sell for more than the amount owed on the mortgage. The remaining money, known as surplus funds, may provide an opportunity for the HOA
Condominium owners already face rising insurance costs, maintenance expenses, and association assessments, as discussed in our earlier article, Why Are HOA and Condo Assessments Going Up?. Now, new condominium lending rules taking effect January 4, 2027, could add to
When a bank forecloses on a home in North Carolina, many HOA and condominium boards assume the Association has lost any chance of collecting unpaid assessments. After all, if the bank forecloses, what is left for the Association?Sometimes, more than
In my early years practicing estate planning, I worked in an office where routine estate planning documents were relatively concise. At the time, I believed that was the smartest and most efficient way to practice estate planning. I often joked
The first few months of a new homeowner association or condominium association, or a new management company’s engagement with an existing community, often establish the expectations and practices that will shape the community for years. A few simple steps at
In meetings following more formal procedure, the motion to amend may be the most frequently used motion other than the main motion. Robert’s Rules of Order Newly Revised has more than 80 motions and variations, depending on how you count
One of the things I frequently hear from homeowners association and condominium board members is how proud they are that they have managed to keep assessments low, sometimes without an increase for many years. While that may sound like an
Session Law 2026-59, which became effective last month, amended both the NC Planned Community Act (47F) and NC Condominium Act (47C).North Carolina has changed the rules on what homeowners and condominium associations can do about American and North Carolina flags.Under
Several years ago, during COVID, I wrote about whether homeowner and condominium associations should relax their normal assessment collection practices. Many boards were understandably concerned about owners facing financial problems.The circumstances are different now, but the broader point remains:
While the title may initially suggest a discussion about a child who “fails to launch,” becomes a lifelong dependent of mom and dad, and never leaves the basement, the intended focus of this blog is much broader. Feel free to
