In 1997, a racially mixed couple wanted to sublet a co-op apartment at the Beekman Hill House Apartments in New York City. Nicholas A. Biondi, then-president of the Beekman Association's board of directors, refused to approve the couple'…
Most homeowners love the idea of having a swimming pool, athletic court or health club as part of their association's grounds because it adds value to their property and it gives them something fun to do throughout the year. But HOAs tha…
It's a profound story of how reserve funds can go seriously awry—within months of buying an apartment in a new New York City building, David and all his new neighbors were informed that they would have to contribute out-of-pocket to help…
Once the first home in a new community development is sold, its homeowner association is activated. And from that moment on, the association has to fulfill its obligations to the community and its residents. At the start of the proc…
Owning a condo or being a member of a homeowner association is a something many New Jersey residents know a thing or two about. In 2004, the National Association of Realtors (NAR) estimated that 970,000 existing co-ops and condos were so…
By now, you have already heard about the "dramatic" changes in the Directors & Officers insurance marketplace. You have also most likely heard about the increasing number of lawsuits against directors and officers, and why associations t…
By all accounts, the condo/co-op real estate market in New Jersey was more than robust during 2004 and experts are hopeful that the trend will continue in 2005. Whether it's Union County, Morris County or Hudson County, the feeling …