Home ownership is a very common goal here in the United States. There are roadblocks though that people can face in their journey to find the first home of their dreams. Among these are financial ones. This can be a particularly formidable barrier here in New York...
Year: 2018
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HOAs, mechanic’s liens, subcontractors and bonds
When an HOA hires a contractor to do a job - install a pool or shingle a roof, for example - board members can maintain the quality of workmanship by withholding payment until the job is done right. Contractors and subcontractors, however, have a method of getting...
Board Members Who Are Lawyers, A Delicate Balancing Act
There are many attorneys who serve on their co-op or condo board and are often asked by their fellow board members for their legal opinion on a matter. Since law school, we have been trained that we are attorneys 24 hours a day, seven days a week so we are often...