What Washington State Community Associations Need to Know about Reserve Laws

By |2022-11-14T14:16:51-08:00October 20th, 2022|Uncategorized|

A reserve study is a budget planning tool. It consisting of both a physical and financial analysis. The study identifies the components an association must maintain or replace, the current status of the reserve fund, and a stable and equitable funding plan to offset anticipated major common area expenditures, according to the Foundation for Community [...]

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Fannie Mae Freddie Mac changes

By |2024-08-07T20:10:26-07:00September 30th, 2022|Uncategorized|

In late June 2021, America and the world watched in horror as rescuers combed through piles of rubble and everyday household goods looking for survivors of the condo building collapse in Surfside, Florida. After the first few hours, no survivors were found. Ninety-eight lives and 136 homes were lost. In the following days, information emerged [...]

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Don’t Pass up the Inspection if You’re Buying a Condo

By |2023-02-10T13:37:19-08:00September 23rd, 2022|Uncategorized|

  The buying process isn’t any different than if you are buying a single-family home - especially when it comes to the inspection. Aside from the sizeof the dwelling, one of the only differences between most condos and homes is the shared spacefor condo owners. Typically the homeowners association (HOA) owns the exterior pf the [...]

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