Wednesday, February 22, 2012

Property manager accused of embezzlement - The Frederick News-Post Online

Property manager accused of embezzlement - The Frederick News-Post Online

Dear State of Maryland,

This issue of Property Management companies needs to be addressed. Sticking our collective heads in a hole in the ground.

Having led 6 month study of fidelity issues years ago, strong support for CAI position that all reserves should be only accessed by board members.

All association accounts should require min of 2 board members signatory. 
From Communities........

Friday, January 14, 2011

Trying to sell condo

Trying to facilitate short sale for unit in a 24 unit condo with 3 other delinquent units.  Mortgage company can't get FHA financing with this problem.  This apparently means that all condo owners here will not be able to sell their unit.

FHA and Fannie Mae have to offer some give in this troubled economy.  

Wednesday, November 3, 2010

What happens when developer sticks condo with electric bill?

Here is a typical problem that comes across our desk, email and phones everyday.    A small 24 Unit Condominium in Prince George's, MD keeps receiving an electrical bill from BG&E.  

Here is the problem they dont have any common area electrical utilities.  Yet they keep getting bill and the utility company when notifed that it has the wrong customer just changes the name on the bill and sends it back to this community.

Condos face this issue everyday with Utilities, Government Agencies and random Vendors.    We will be asking the International Community Association to step in and help out.  So make sure you come back to see what is happening

Wednesday, August 4, 2010

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