Category: Finance

Finance
2011 July Managing Your Most Valuable Asset:

 Owners of condominiums and cooperatives in urban areas of New Jersey like  Hoboken or Jersey City with parking garages in or adjacent to their building  are blessed in so many ways. The ability to drive right up to your front door  provid…

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Finance
2011 July Getting Your Fair Share

 We all want to get what we pay for—and nobody wants to pay for goods or services they don't actually receive. This  is especially true of homeowners associations when it comes to big-ticket  municipal services like snow and garbage remova…

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Finance
2011 July The Impact of Arrears

 As the recent recession has lingered on, co-ops and condo associations across  the region—from luxurious waterfront high-rises to sprawling suburban developments—have found more of their residents in arrears with their monthly fees. Some …

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Finance
2011 July Shopping Smart

 The day-to-day costs of running a multifamily residential building are  significant. There’s the fuel oil, electric, cleaning supplies, equipment maintenance and service  calls for repair and upkeep. Then there are the insurance costs, la…

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Finance
2011 July Planning for the Worst

 Tsunamis, earthquakes, tornadoes—these are just a few of the devastating disasters that have made headlines  already in 2011 and created emergency situations that many never thought  possible.    As the past year’s calamitous snows…

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Finance
2011 July Money in the Bank

 Perhaps one of the most difficult aspects of the recent recession was the sudden  evaporation of credit from major banks and lending institutions. The logic  behind it was understandable: too much easy credit had led, in part, to the  col…

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Finance
2011 June Collecting Unpaid Debts

 Consider the following all-too-common scenario: your condominium association has  one delinquent unit owner who owes three months of common charges totaling  $915.00 before late fees. Statements have been sent without response, and  telep…

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Finance
2011 March FHFA Reconsiders Flip Tax/Transfer Fee Ban

After receiving over 4,200 comments on a proposal that would have eliminated flip taxes and transfer fees in co-ops, condos and HOA communities, the Federal Housing Finance Authority (FHFA) has reconsidered its position and will allow …

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Finance
2010 July Cape May, New Jersey

Known for its quaint Victorian cottages and pristine beaches, Cape May, New Jersey has been a seaside destination for generations. In fact, it is widely recognized as the oldest seaside resort in the country. Wealthy Northeasterners an…

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Finance
2010 July "Other-miniums"

The concept of "condominium living" has changed quite a bit since the term was first coined a generation ago. Since the 1960s and ‘70s, when condominium home ownership became a widely available, viable alternative to single-fa…

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