The Department of Regulatory Agencies (DORA) released its...
Legislative Miscellaneous
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The Denver HOC Condominium Team, which reviews applications for FHA approval of condominium projects is charged with determining whether condominium communities are eligible for approval of FHA backed loans. As a part of that review, the Team determines if the community meets the...
The rate of complaints about HOAs have been increasing in 2012 over 2011, as reported by Aaron Acker, the HOA Information Office of the Colorado Department of Regulatory Agencies. Mr. Acker was one of the speakers at panel discussion on Manager Licensing and Legislative Update held during the April 5 Spring Showcase event by...
The March 15, 2012 compliance deadline for ADA pool compliance deemed "POOL-MAGGEDON" by industry insiders has been extended. In an unexpected but not surprising move given the public outcry against the revised pool access rules, President Obama ordered a 60 day stay on the implementation of the enforcement of pool rules that require all "places of public accommodation" to be accessible, see...
The Secretary of State recently announced that they have added password protection for business owners and filers to safeguard against identity theft. When association’s file their annual reports online, filers now have the option to create their own password.
...What’s happening? A mortgage company has been telling lenders that, in order to meet FHA and VA lending requirements, Colorado community associations must waive their priority assessment lien rights (often called “super lien” rights) in order for units in their communities to obtain federally-insured mortgages.
HindmanSanchez does not believe there is any basis for...
"Back in the day" it was easy to get a loan if you had a credit score of 800, if you had a banking relationship, and had 20% down. In today's world that might not be enough. As this complaint shows, lenders are scrutinizing condominium...
Last week the mortgage serving unit of Bank of America filed a lawsuit in Nevada against dozens of homeowners’ associations over fees the associations charged to Bank of America after certain homes went into foreclosure. The suit claims that while Bank of America tendered payment of the 9 month super lien on properties it holds title to via a foreclosure, the homeowner association refused to...