Adopting a Budget

October 25th, 2012
Posted By
Valerie Farris Oman
Many condominium and homeowners’ associations are preparing their annual budgets this time of year. Association members, as well as the association’s board of directors, need to be aware of the laws applicable to community association budgets. A… Read More
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Categories: Condominium Laws, HOAs
Tags: adopt a budget, budget, budget meeting, condo, condo association, condominium, HOA, homeowners association, washington state

Bank of America Foreclosures in Washington State

October 23rd, 2012
Posted By
Valerie Farris Oman
For many months, we’ve seen that Bank of America foreclosures have been completely stalled. There are a number of reasons for this, not the least of which is the fact that BOA took over a multitude of sub-prime loans when Countrywide went belly… Read More
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Categories: Collections
Tags: bank of america, condo association, condominium, delinquency, foreclosure, HOA, washington state

Reserve Study Law Changes

October 31st, 2011
Posted By
Valerie Farris Oman
Effective January 1, 2012, changes in Washington’s reserve study laws will go into effect. These changes, among other things, affect the content of reserve studies, add reserve study reporting requirements to the budget summary associations must pr… Read More
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Categories: Condominium Laws
Tags: condo association, condominium, fully funded, funded, reserve accounts, reserve study, washington law
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