In the last two years, Fannie Mae has amended it guidelines for selling and serving mortgages on condominiums, cooperatives, and planned unit developments three times. Why should service providers, cooperative corporations and community…
If you’re looking for a lush patch of green in New Jersey, you’re in luck: the Garden State is so named because of the multitude of flora- and fauna-filled havens to choose from when you’re looking for an escape. But one garden…
Lakewood Township is a diverse community with a rich history, a growing population, and a wide array of attractions and amenities. Located in Ocean County, the township's accessibility to major urban centers has attracted residents who…
Ah, summertime. It’s a great time for property managers to kick back and relax -- except for that out-of-control grill fire on the deck of unit 31 that nearly spread to adjacent units; that ornery 13-year-old who broke his finger during…
As recent events in the financial and insurance sectors of our economy have painfully demonstrated, oversight and accountability are vital components in any healthy business relationship -- and that holds true whether you’re talking abo…
Fresh from hoisting up the banking and automobile sectors, a newly muscular Uncle Sam is now turning his attention to putting the skids on the real estate meltdown. Earlier this year, the Obama Administration rolled out two ma…
Even in the best of economic times, preparing a condominium’s annual budget is a tiresome task, fraught with uncertainty, estimations and shifting numbers. Now, factor in one of the most challenging economic downturns in a cent…
Q I live in a 28-building garden apartment complex with 56 units per building—some of which are rent stabilized, others of which were sold as condos. The owner of the complex is now in jail in connection with his company’s fraudulent …
Q My question concerns the various forms of compensation our building’s super receives and the shareholders’ right to know the exact sum of his monthly income, as an exact cost to the building. Our super has a fixed salary, which is disc…
If you’re looking for a parable for the indomitable spirit of America, the story of Red Bank fits the bill. This now thriving New Jersey borough has a rich—but not always rosy—past. Before the Red Bank International Film Festiv…