Banks face foreclosure for unpaid HOA fees | TransUnion predicts lower mortgage-delinquency rates | Lawyer: Renters are eligible for HOA board positions
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January 2, 2013
Community Association Management SmartBrief
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In the News
Del. county's proposal targets formation, management of HOAs
A Delaware county is considering an ordinance that would revamp how HOAs are created and managed by developers, with the goal of restoring homeowners' faith and improving the upkeep of communities. "No one ordinance solves all problems, but I think this gets us a lot closer to making sure all of the players involved understand how it's going to work, how the process works, who is responsible for maintaining what and when," Kent County Planning Director Sarah Keifer says. The News Journal (Wilmington, Del.) (tiered subscription model) (12/29) Share: Email
Banks face foreclosure for unpaid HOA fees
Banks that have repossessed Florida homes but haven't been paying HOA dues are facing foreclosure so other homeowners aren't left facing the costs. "I own two properties and it really ticks me off when the banks don't pay their fair share," says Don Gonzales of Homestead, Fla. "Everybody else has to make it up." CNNMoney (12/26) Share: Email
TransUnion predicts lower mortgage-delinquency rates
Mortgage-delinquency rates, and therefore foreclosure rates, are likely to steadily decline in 2013, says TransUnion. Delinquency rates dropped to 5.41% in 2012, and TransUnion predicts they'll fall to 5.06% by the end of 2013. The Daily Record (Little Rock, Ark.) (12/31) Share: Email
Lawyer: Renters are eligible for HOA board positions
A condominium owner is concerned that a renter in a foreclosed unit while serving as an HOA board's treasurer creates a conflict of interest, but lawyer Richard White disagrees. "The statutes have very few requirements to serve as a director or officer in a condominium. Ownership is not a requirement and therefore a renter or non-owner can serve on the board," White writes. "I have seen non-owners with more experience than any member serve on boards and work harder to do a better job." The Miami Herald (tiered subscription model) (12/29) Share: Email
Leadership Strategies and Organizational Management
Why leaders should start listening to fools
Bosses shouldn't dismiss foolish people too readily, writes Henna Inam. Fools might not offer advice that's useful to bosses in the usual sense, but they might have less obvious talents or perspectives. "Every single person has contributions to make and value to add," Inam writes. SmartBrief/SmartBlog on Leadership (12/24) Share: Email
Ethics and Professional Conduct
Leaders must evolve or die, says iProspect CEO
Leaders need to be able to evolve and adjust to rapidly changing conditions, as well as enable their teams to do the same, iProspect global CEO Robert J. Murray says. "You will not survive and aspire to greatness if you assume there's one way of doing things and just continually beat that drum," he warns. The New York Times (tiered subscription model) (12/22) Share: Email
Other News
SmartQuote
Birds sing after a storm; why shouldn't people feel as free to delight in whatever remains to them."
-- Rose Kennedy,
American philanthropist Share: Email
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About CAMICB
The Community Association Managers International Certification Board (CAMICB) is a 17-year old independent board that sets the standards for community association managers worldwide. CAMICB (formerly NBC-CAM) administers the Certified Manager of Community Associations® (CMCA) examination, a rigorous, three-hour test that measures managers' knowledge of community management best practices. Passing the CMCA examination and maintaining the standards of the CMCA certification is proof that a manager is knowledgeable, ethical and professional. CMCA-certified managers have the skills to safeguard the assets of homeowners' associations, giving homeowners peace of mind and protecting home values.
The CMCA credential is accredited by the National Commission for Certifying Agencies (NCCA) which means it complies with NCCA’s stringent international standards for a professional certification program. NCCA accreditation provides independent validation that the CMCA program meets or exceeds twenty-one standards concerning various aspects of the certification program including its purpose, structure, governance, psychometric foundation, policies and procedures. Accreditation validates the integrity of the CMCA program and is a mark of quality.
For more information, go to www.camicb.org
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Phone: 866.779.CMCA (2622)
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