The Star Tribune has a piece titled: Whistleblower: Homeowners pick up the tab. The Strib just scratches the surface of this issue.When someone buys into a townhome or condo development, they are becoming part owner of a nonprofit corporation that has ownership of common elements in the development and responsibilities for maintenance, insurance, utilities, etc for these common elements.When one of the shareholders (homeowners) stops paying their mortgage, they typically stop paying the association dues as well. … [Read more...]
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Twin Cities Buyer Showing Activity
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Minnesota Foreclosures Continue Decline
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Housing Market’s Virtuous Cycle
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