Tag Archive: reserves

As of January 1, 2022, potential homebuyers may be finding it tougher to finance the purchase of units in cooperatives and condominiums. In response to last June’s tragic Surfside, Florida condo collapse, mortgage giant Fannie Mae, a government-sponsored enterprise (GSE),...

Planning for a rainy day—and the leaks that follow—is a common concern for many co-op and condo boards. Owners and managers know they need to prepare for short-term contingencies and longer-term repairs and upgrades, but the inevitable question is: How...