Feds Backing Banks Over Condos In Foreclosures

 The Federal Housing Finance Agency (FHFA) is expressing concern about state statutes that allow community associations to obtain lien priority over first mortgages for unpaid association assessments. By asking a federal court to intervene, FHFA is trying to bail out mortgage servicers that have failed to fulfill basic contractual obligations to Fannie Mae and Freddie

Ask CCOC: Answers To Questions About Condo Insurance

QUESTION 1. Can a board of directors assess a unit owner the cost of the deductible? 2. I was told by my association that I was responsible for the master policy deductible. I cannot find anything in our declaration, bylaws, or rules that supports this. RESPONSE CIOA Sec. 47-257 “the statute dictates the method by

Ask CCOC: What Are The Rules For Property Manager Registration

 QUERIES 1. We have a management company who has 3 property managers and we can only find 1 registered with the Department of Consumer Protection Should the individual who is not registered but managing our property continue to provide these services. 2. “What is the potential consequences for the Association having management services provided by

Ask Atty. George: How Much Power Do Boards Of Directors Have In Setting Rules?

RULES AFFECTING UNIT OWNER BEHAVIORS Clients often ask whether their Condominium can adopt and enforce rules that affect how unit owners behave in the common elements and even in their own unit. Section 47-244(a)(1) of the Connecticut Common Interest Ownership Act (CIOA) gives the Unit Owners Association the power to adopt and amend rules and

CAI Legal and Legislative Symposium Scheduled For Oct. 23

The Connecticut Community Associations Institute legal and legislative symposium is scheduled for Oct. 23 in Stratford at Oronoque Village, 600 North Trail. Cost is $50 for CAI members and $75 for all others. “Our professionals will present an array of timely topics which include: Our panel of legal experts will cover topics such as: implementing

New Connecticut Condo Laws To Go Into Affect Oct. 1

New Connecticut condo legislation – which was supported by the CT Condo Owners Coalition [CCOC] – will go into affect on Oct. 1 as part of Public Act 14-215. Sections of this bill, focusing on voting by board members, resale certificates and increasing penalties for community association managers who violate the law, were presented by

CCOC’s Legislative Proposals Enacted In Connecticut

The CT Condo Owners Coalition [CCOC] is very pleased that the Legislature passed a bill during the last few days of the session that will benefit unit owners residing in common interest communities throughout Connecticut (Substitute Senate Bill 457 (File 613, as amended by Senate “A”. This legislation is now Public Act 14-215, “An Act

Milford Resident Admits Embezzling From Ct Condo Associations

 Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that DAVID LIPTAK, 49, of Milford, waived his right to indictment and pleaded guilty today before U.S. District Judge Jeffrey A. Meyer in Bridgeport to one count of interstate transportation of money obtained by fraud. According to court documents and statements made in

Ask Atty George: Can A Condo Association Meeting Be Held Without An Actual Meeting?

A client recently asked me whether the Association of Unit Owners must hold a meeting in order to vote either on issues, or on electing or removing directors from office. This is another instance where one has to carefully examine the law (Common Interest Ownership Act (CIOA) as well as the Declaration and Bylaws because

Ask George: Can A Board President Prevent Individual Board Members From Meeting With Auditor?

Hi George I am a board member in a large condo development. Recently, our village was notified of an assessment. The figures being used to justify the assessment are vague and confusing, and are sometimes not the same in every correspondence. I took it upon myself to call the auditor and set up an appointment