Condo Living Made Easy
Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
Condo Living Made Easy
Presented by Haus Financial Services, LLC - Elevating Small Condo Management.
IL Condo Act Updated to Allow for Residency Requirements for Board Members
- Details
- Written by Alexa Jackson
- Category: What We're Thinking About Lately...
Chicago Shared Cost Sidewalk Program 2022
- Details
- Written by Alexa Jackson
- Category: What We're Thinking About Lately...
The City of Chicago's Shared Cost Sidewalk Program allows property owners to share the cost of sidewalk repair with the city. This can dramatically reduce the expense of repairing sidewalks around your building and increase the curb appeal and safety of your property.
The 2022 Program Opens to New Applicants on January 10, 2022 from 6AM to 10PM.
New Fannie Mae Requirements for Condo Mortgages
- Details
- Written by Alexa Jackson
- Category: What We're Thinking About Lately...
In response to the collapse of the Champlain South Tower in Surfside, Florida, Fannie Mae recently tightened its eligibility requirements for mortgages on condominium units.
Eligibility may now be denied in associations with structural issues, significant deferred maintenance, and/or unsafe conditions.
In order to determine eligibility, Fannie Mae has supplemented its HOA Questionnaire form to include questions about these matters.
Learn more about the questions and requirements, here.
Give Yourself the Gift of Management Support in 2022!
- Details
- Written by Lauren Schrader
- Category: What We're Thinking About Lately...
Amid the hustle and bustle of the holiday season, we at ChicagoCondoResource.com and Haus Financial Services, LLC hope that you find time to put aside your condo concerns and focus on family and friends.
This is also a great time to reflect on the challenges of 2021 and to set goals for the New Year. With the pandemic not yet behind us, we're all finding we can use a bit more support in our day to day responsibilities. Haus Financial Services is dedicated to taking the pressure off of small condo boards so that you can spend more time on your personal priorities.
This year, give yourself the gift of management support with HausFS so you can manage successfully (and with less stress) in 2022! Schedule your Prospect Call here to learn more about how we can help.
Happiest of Holidays from ChicagoCondoResource.com and HausFS!
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"Ask the Expert"
Is collection action voted on in an open meeting?
Q. Our board is wondering, in light of the Palm II ruling, if a condo board must vote in an open meeting to take collection action against a unit.
Does the Palm II Ruling Apply to Condo Committees?
Q. I'm part of an architectural review committee, which is one of two committees founded by our covenant documents. I'm wondering if the Palm II decision applies to all parts of the HOA structure or just to the actual board?
Our association would like to update its Bylaws. Is a template available?
Q. Could you point me in the direction of the Bylaws template for small Chicago condo associations? Our building is using the original from the 1960’s or something like that, and I would like to propose a revamp.
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Seminars & Events
| Wed Aug 24 @ 6:30PM - 07:30PM Enforcing the Rules in Your Condo or HOA: Best Practices to Litigation |
| Tue Aug 30 @12:00PM - 01:00PM Security - Proactive vs. Reactive: A Q&A for Managers & Homeowner Leaders |
| Wed Aug 31 @12:00PM - 01:00PM Landlord Tenant Legal Updates |
| Thu Sep 01 @12:00PM - 01:30PM Back to School Season Means Back to Basics as We Plan for 2023 (Yes Already!) |
