Q: I live in a community with a homeowner's association. The board hired unlicensed workers to paint and replace fences. The city then cited our association with a code violation and a fairly substantial fine. There is also the expense to fix the issue. The board members want to pass the fines along to the homeowners who live close to those fences. Can they legally do this? Are the board members individually liable?
LOS ANGELES - Downtown's LA's Broadway Theater District, home to one of the largest concentrations of historic movie palaces in the nation, is gaining a new lease on life that doesn't involve showing films.
A house is usually one of the biggest purchases a person will make in his lifetime, which means the loan taken out for it will probably also be one of the biggest. If you're applying for a mortgage or deed loan, as a potential borrower, you need to understand all the fees associated with your loan and shop around for the best offers. One of these fees is the loan origination fee.
Last week's article indicated that the market for home equity conversion mortgages - the federal government's reverse mortgage program - is not a shoppers market because the product is not well-defined, the prices charged are obscure, and borrowers have no reason to be confident that the product selected will be delivered at the agreed-upon price. Home equity conversion mortgages, or HECMs, are offered in a gotcha market.