Prompted by the Champlain Towers Condominium collapse in Surfside, Florida, the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) recently issued new temporary requirements as an attempt to mitigate risk in community association loan underwriting. Many other industries within the community association world, […]
On January 11, 2022, New Jersey Governor Phil Murphy signed into law a statute that amends the Statute of Limitations (SOL) for the filing of a lawsuit against a developer, its design professional and subcontractors for construction defects. While it was common interpretation of applicable case law that an owner-controlled […]
The Maserati was leased, but never reported. Forty thousand dollars a month was paid to a glam squad to “perfect a look” for housewives dining out on an ordinary Tuesday evening. The ostentatious spending—and the outsized personalities that that it accompanies—attracted an audience that very few want: the IRS. In […]
Community associations are not immune from fraud on the part of employees, members, or contractors. In a Q&A with News-Press, Becker Shareholder Rob Caves went into detail about what community associations can do to identify and protect against fraud. Topics covered include: The kinds of fraud and financial mismanagement that […]
The Senate Sen. Chris Van Hollen (D-MD) was hospitalized this weekend after suffering a stroke. Because the Chamber is divided 50-50, his absence could disrupt key Senate votes this week including one on a $40 billion Ukrainian aid bill which Sen. Rand Paul (R-KY) blocked last week. The Senate will […]
