Comments on: Condo Association Basics: What Every Buyer Should Know

By: 5 Things to Know When Buying a Condo | The Chicago 77

5 Things to Know When Buying a Condo | The Chicago 77 — Tue, 13 Jul 2010 00:50:00 +0000

[...] HeadlineCondominium FinancingThe condominium is a great type of property. It provides the joy of ownership with minimum amount of maintenance, but it is also a type of property that strikes a bit trepidation into the heart of lenders. Think [...]

By: Self-Managed Condo Associations May Be the Right Option for You. | The Chicago 77

Tue, 13 Oct 2009 17:48:12 +0000

[...] own a condominium in the city of Chicago, you probably are fortunate enough to have a condominium association. Some associations hire a management company for day-to-day operations while others are [...]

By: HOA Loans

HOA Loans — Mon, 15 Jun 2009 01:51:42 +0000

Be very careful when checking the condo association budget. Look out for other condo owners payment history. If the association has probelsm collecting, it could mean cash flow isseues.

By: leigh

leigh — Fri, 05 Jun 2009 14:47:26 +0000

I live in a afirly large building and we have a management company> The developer still owns the majority of seats but there is a Condo Board but to my knowledge no one has a title or knows what they are doing.
Can you please tell me the best way to find out if what they are doing is productive? What books I can reada? What are my rights as a tenant when it comes to the Condo board which consists of the developer and about 3 tenants right now. I am just very confused because one of the Condo Board Members is a control person and thinks she is “in charge” of certain things like the the concierge, lobby, bikeroom.. etc and is not sitting right with me. If I could I would fire her because she is making things difficult fo the people who work here and in return they are unhappy. Help!

By: Condo Associations: Do Your Homework Before You Buy | Chicagoland Real Estate Forum

Thu, 04 Jun 2009 22:20:21 +0000

[...] article on what an association is and what questions to ask when you buy your Chicago condo: (Click Here) Share and [...]

By: Co-ops Are Different | The Chicago 77

Co-ops Are Different | The Chicago 77 — Wed, 22 Apr 2009 13:12:24 +0000

[...] are a different form of ownership than condos in several ways. Condo owners own their individual unit and have a percentage share of ownership in the building’s [...]

By: Brad Walbrun

Brad Walbrun — Fri, 13 Feb 2009 19:43:54 +0000

Great post, Katie. I’d like to add that somebody looking to purchase a condo will likely have to put down a minimum of 10%.

By: Condo Owners Blog

Condo Owners Blog — Thu, 12 Feb 2009 01:14:56 +0000

Its also important to check the condo association’s insurance policy and debt obligations, which may be through an outstanding condo association loan.