HOA, condo & co-op Legislation Highlights (Feb. 2019 – Part 1)

Gavel and legal books lawsuit court

By Deborah Goonan, Independent American Communities Highlights of new and pending state legislation as of Feb. 2019. State laws featured from: CO, FL, HI, and NH. Colorado New real estate sales forms reflect stricter disclosure requirements Colorado Real Estate Commission approved a new Contract to Buy and Sell Real Estate (Residential) effective January 1, 2019 (“Buy Sell Contract”) to comply with tighter home buyer disclosure requirements of the Colorado Common Interest Ownership Act. State law Continue ReadingHOA, condo & co-op Legislation Highlights (Feb. 2019 – Part 1)

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Time to improve fire safety for condo residents

By Deborah Goonan, Independent American Communities With multiple households living in close proximity, fire safety is more important than ever. But for more than a decade, the real estate industry has delayed action to improve fire safety for condo residents. Here it is, just halfway through the month of December, with  a half dozen reports of condominium fires. (See links below) While the cause of several of those recent fires is not yet known, careless Continue ReadingTime to improve fire safety for condo residents

Hawaii US District Court rules that nonjudicial condo association foreclosures were unlawful

By Deborah Goonan, Independent American Communities Is the tide turning against nonjudicial foreclosure of HOA or condominium association liens? Real estate investors and condominium associations throughout Hawaii are reeling after U.S. District Court Judge Leslie Kobayashi published a decision that nonjudicial foreclosure of condominium assessment liens were illegal under state law. During the recent mortgage crisis and economic slump, some attorneys for condo associations interpreted the Aloha State’s law to allow a streamlined process for foreclosing Continue ReadingHawaii US District Court rules that nonjudicial condo association foreclosures were unlawful

HOA, Condo Legislation updates: Hawaii

By Deborah Goonan, Independent American Communities As noted in a previous blog, several HOA and Condominium bills have been introduced in Hawaii this year. One of the most notable, HB 381, a proposal for establishment of a Condominium Ombudsman to handle dispute resolution, has died in committee, following testimony at a hearing held on February 8, 2017. Although the committee received written testimony in support of HB 381, twice as many letters were received in opposition to Continue ReadingHOA, Condo Legislation updates: Hawaii