RESPA, or the Real Estate Settlement Procedures Act, is a law that has been in place since the 1970s, and is designed to help protect homeowners during the home-buying process. In 2013, the Dodd-Frank Act was passed, which enhanced disclosure requirements found in RESPA.
If you own a townhome, condo, or other type of attached dwelling, you may be obligated to pay Homeowners’ Association (HOA) or Condominium Association (COA) fees. These fees typically help to pay for building maintenance and yard work, trash and sewage, insurance and repairs in the event of a natural disaster, such as severe rain or wind damage.
Roof decks are pretty amazing. In the right location, a rooftop deck can provide an expansive and awesome view of Lynn, showing off city lights at night, the vast ocean and offering a beautiful site for an early morning sunset.
Everyone knows that when a car accident occurs, there will almost certainly be property damage to the vehicles involved, and that there very well could be physical injuries sustained by the people involved. However, emotional damages and suffering are rarely thought about, yet these injury types can be equally as debilitating and difficult to live with.
If you purchase a condo in Revere, Lynn, or surrounding areas, you will probably also be responsible for paying condo association/homeowners’ association fees. These fees are mandatory, are set at the discretion of the condo association, and are non-negotiable. Designed to pay for property maintenance and upkeep, as well as repairs and insurance, condo association fees are standard. If a person doesn’t pay their condo association fees, they can be penalized as such. The following considers the rights that condo associations have to recover payments when unit owners are delinquent.