As discussed in our recent seminar entitled “The Financial Crisis – What Every Board Member Needs to Know,” the FDIC Insurance limit on bank accounts was increased from $100,000 to $250,000. This increased limit was set to expire on December 31, 2009. However, the FDIC recently extended the higher...
Most Community Association governing documents prohibit exterior modifications, including the placement of banners, flags, and signs. However, as pointed out in Chapter 1 of Kaman & Cusimano LLC’s booklet, “A Guide for Board Members,” there is a hierarchy of laws and in several instances there are federal and state...
In today’s Wall Street Journal, there is a report that two Congressmen are calling on Fannie Mae and Freddie Mac “to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing market recovery.” Freddie Mac and Fannie...