Insights

Bursting your bubble? What if I told you that inflation was at 5.6%, gas was averaging $4.11 per gallon, and house prices had risen dramatically?  No big deal, right?  We are working our way through it… but those statistics are

As we indicated in our August 9th, 2021 article, owners could still request COVID mortgage relief through September 30th, potentially extending forbearance until March 31st, 2022. In a recent article from DS News, the trend in active forbearance plans continues

CNBC published an interesting article last week. Here are the key points, verbatim.  See if you can find the one that grabbed my attention: • Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage

VACCINATE your 2022 budget Good News:  We are exiting the pandemic!  Many have found new freedom in their work routine, increased wages, higher home values, and healthy stock portfolios. Bad News:  Some have really struggled, and the programs that helped

Expiration of Moratoriums (and what it means for community associations) The Federal moratorium on evictions and foreclosures expired July 31, 2021.  While this rule was specifically for federally backed mortgages, many other mortgage providers and agencies, including condo/HOA collectors, were

I have marveled at the way our economy has remained relatively healthy throughout COVID. Many of us expected a much more significant downturn, but some industries have actually prospered. Much of this can be attributed to the significant stimulus from

I am surprised that I have not heard more about the risk of communities losing FHA eligibility amidst COVID-related delinquencies.  According to a recent article from CAI, the FHA will not secure mortgages in communities with greater than 10% delinquency. 

GET YOUR FREE TEMPLATE TODAY! It’s completely free – and we only need your email address to send it over! When I owned a property management company, we went to great lengths to standardize our bidding processes.  We created online

As we have been discussing in previous legal updates, foreclosure during the pandemic has been a difficult decision for boards. They are facing the challenge of honoring their obligation to pursue past due assessments timely while balancing the importance of