A homeowners association is allowed to borrow from the reserve fund to meet short-term expenses if it follows the ...

The primary focus of the HOA is to oversee the operations of a community or building,” says Sarkie Ampim, an agent with ...

Insufficient funds in the reserve savings account is a common reason why HOAs fall short of Fannie Mae eligibility.

“You don’t budget for that. We weren’t thinking we ... The utility told Stoogenke it corrected the HOA’s account so this doesn’t happen again. Its policy is it will issue refunds going ...

Stewart said that, in addition to inadequately funding reserve accounts, other common reasons for blacklisting are unfunded critical repairs, pending significant lawsuits by the HOA or against the HOA ...

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways.

The purpose of the reserve fund is to protect the HOA’s long-term financial interests, so diverting that money to another ...