Home Improvements

Spring is here! For many of us that means spring cleaning and home maintenance. However, home repairs can be pricey and add up fast.  After some exploring within the home improvement realm, the DIY (do it yourself) website has great tips on improving any aspect of your home and can keep you on track with your budget. (read more). 

Condominium Associations Facing Challenges

Loura K. Sanchez from HOA Legi-Slate reports that as the rush to refinance grows, it is posing challenges for condominium associations. “Interest rates fell below the psychological 5% last week, which led to a rush of homeowners looking to refinance.  While this may increase liquidity for some homeowners it may result in an unforeseen challenge for condominium associations if the refinanced loan is backed by FHA.  As of February 1, 2010 condominium associations must be approved as a whole and “spot approvals” are no longer allowed.  If your association is not approved the refinancing rush may result in confusion and high pressure on your management team and boards to get approval quickly.”  (read more)