Due to increased property foreclosures, Lancaster County has developed a new Residential Mortgage Foreclosure Diversion Program (RMFD). The Program gives a separate pathway that residential mortgage foreclosures need to...
Author: Aaron S. Marines
Will Housing Prices Ever Come Down? Comparing the Housing Bubble of the 2000s to Today
June 21, 2021
We all know someone with a story like this these days: You find the house of your dreams. It is in a good neighborhood with a good school district. You are preapproved for a mortgage, and you tell your realtor to put in...
In the last installment of the series, I went through some of the terms that Associations need to know when a Unit Owner files for Bankruptcy. This edition will talk about the “Automatic Stay” and how it affects...
Can an Association Invest Its Capital Reserve Funds?
May 27, 2021
Has your Board, especially if it has a financial professional on it, ever looked with dismay at the low interest that a Capital Reserve Fund is earning? They may think that if they could get a better return on that Reserve...
Condominiums, Homeowners’ Associations and Bankruptcy: What is an “Automatic Stay” and Other Terms You Need to Know
May 19, 2021
In the last installment of this series, I explained that Bankruptcy is a federal law designed to help people who owe money get a fresh start. In this part, I want to explain some terms that are helpful to remember. These...