In reaction to the tragic condo collapse in Florida, Fannie Mae and Freddie Mac amended their requirements that have resulted in lender questionnaires to be answered by associations and their managers that are ambiguous and impose potential liability. If the questionnaire is not completed the lender will not approve the […]
The New Jersey Community Update newsletter is out for June, and this issue covers a range of topics. Shareholder David Dockery delves into the ins-and-outs of Fannie Mae and Freddie Mac’s new questionnaire, and — for context — offers an abstract of how these lending giants fit into the landscape […]
Becker is thrilled to announce New Jersey Office Managing Shareholder Arnold Calabrese is a recipient of the Legal Services of New Jersey Equal Justice Award Medal. Arnold was celebrated for his extraordinary pro bono contributions along with other recipients at the 2022 Equal Justice Awards Reception, which took place on […]
Board Members and managers should be pleased to know that the New Jersey Court Rules have been updated which will make litigation against delinquent owners easier and less expensive. On May 11, 2022, the New Jersey Supreme Court approved an increase in the jurisdictional limit for the Superior Court of […]
