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What are the laws on changing a road name in a condo association?
Wiki User
∙ 14y ago
You can find the answer about the process for changing the names of roads in your governing documents. As well, the local city bureau in charge of place names may want to be involved.
Wiki User
∙ 14y ago
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What happens if a buyer purchases a condo in a complex that has no homeowners association currently?
Depending on where you live -- state laws may vary -- there may be an association, but it has been formed by the property developer. The developer may be the only officer in the association.You can check with the Secretary of State under the formal name of the association, to discover the names of its officers.
What is the birth name of Eleonore Condo?
Eleonore Condo's birth name is Eleonore Louise Anna Condo.
Who is responsible for changing the ownership name from developer to homeowners association on condo docs in NH?
Read your governing documents where you will find a definition of the transition process, where the developer -- declarant -- transfers control of the project to the control and management of the association by its owner-elected board. Lacking the inclusion of this process in your governing documents, read your state law. You can follow the link to it, below. This is also a process best accomplished under the guidance of an experienced association management company and an association-savvy attorney, to insure that owners receive all of the materials due them under state law from the developer at this critical benchmark in the life of the association. Changing the ownership name is one of the tasks to be accomplished in this transition.
How do you determine if your condo association is incorporated?
To determine if your condo association is incorporated, you can check the documents or bylaws of the association. Look for any language that indicates the association as being incorporated, such as references to it being a corporation or having a specific corporate structure. You can also search for the association's name on the website of the state's secretary of state or corporations division to see if it is listed as a registered corporation.
Can you call a company an association?
You should be able to use the word "association" in a company name, but the legal definition of "association" and "company" may differ depending on your local laws.
What happens to the first mortgage on a condo in Florida when the condominium association forecloses for unpaid association fees?
For the condo association foreclosure to be valid, the bank who holds the mortgage must be notified of the foreclosure action, and the mortgage company has the opportunity to do a couple of things: They can pay the delinquent condo fees themselves, to protect their own interests, and force the borrower to pay them back. If the borrower is unable to repay the condo fees, it could put the mortgage payments in default, and be grounds for the lender to begin foreclosure proceedings. If the borrower is behind in their mortgage payments, the bank can join in the condo association's foreclosure action themselves. This is actually a great assistance to the bank, as it saves them the time and trouble of initiating the lawsuit - they just get to piggy-back on the condo association's foreclosure, which makes the foreclosure sale happen that much sooner. And since the bank's lien has priority over the condo association, the bank would be the one to get paid off first if the property got sold to a third party at the foreclosure sale, or if nobody bid on the property, they would be the ones who would become owners of the condo. If, for whatever reason, despite getting proper notice, the bank does nothing and the condo association forecloses on the property. The first mortgage holder has a lien that always survives the condo association's foreclosure. In fact, second mortgages are usually superior to the condo association's lien for unpaid maintenance fees. Usually the condo association gets stuck with owning a property with at least one outstanding mortgage with an outstanding mortgage balance greater than the actual value of the property because of the decline in real estate value. Most condo associations allow the first mortgage holder to foreclose on the property after their foreclosure is done. The main point is that in Florida a condo association foreclosure has no effect on the first mortgage.
When was the world boxing association founded?
It was previously known as the National Boxing Association before changing its name in 1962. The WBA is the oldest sanction boxing organization, founded in 1921, followed by the WBC in 1963.
What does it mean if a condo association puts a lien on your condo if you haven't been able to pay your asessment fees?
As an owner, it means that your title to your unit is 'clouded' -- your title is encumbered/ not clear -- by the amount of your assessments past due and accumulating, that remain unpaid. A lien may also appear on your personal credit report if the title is in your name.
What is the name of a condo in Hawaii?
A local realtor can help you.
How many months does a board member have to live on premises to be on condo board of directors?
This information is typically defined in the association's governing documents and can range widely based on local laws and specific association guidelines. In some cases, there may not be specific residency requirements while in others, a board member might be required to use their unit as their primary residence. It's always best to refer directly to your condo association's governing documents or seek legal counsel for accurate information relevant to your specific situation. At Daisy Property Management, we understand it's essential for board members to have a clear understanding of their role and commitment. Daisy aids by providing real-time communication and financial strategy assistance, to name a few, regardless of the specific requirements your condo association may have. This ensures a proactive approach to managing the property and fosters a well-organized environment for residents and board members alike.
What is the real name of alan's girlfriend he has the condo with?
April Bowlby
Where can one purchase a cheap condo in Rochester?
One can purchase a cheap condo in Rochester from these sources: The Rich Group, Home Finder, Realtor, Condo, Bean Group, Property Guru, Zillow, to name a few.
