Generally when you read about a conflict over a board stopping sale of a unit, it is a housing cooperative. This one is a condominium:
"At issue: whether a condo association has the right to stop a short sale and try to buy the unit itself."
Wednesday, June 19, 2013
Miami Beach seller says Aqua condo board targeting his luxury unit - Business - MiamiHerald.com
Miami Beach seller says Aqua condo board targeting his luxury unit - Business - MiamiHerald.com
Generally when you read about a conflict over a board stopping sale of a unit, it is a housing cooperative. This one is a condominium:
Generally when you read about a conflict over a board stopping sale of a unit, it is a housing cooperative. This one is a condominium:
Tuesday, June 18, 2013
Former Bank of America workers allege it lied to home owners | Reuters
Former Bank of America workers allege it lied to home owners | Reuters
The headline doesn't tell half the story. The more you read, the worse it gets:
"(Reuters) - Six former Bank of America Corp (BAC.N) employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. The bank allegedly used these tactics to shepherd homeowners into foreclosure, as well as in-house loan modifications. Both yielded the bank more profits than the government-sponsored Home Affordable Modification Program, according to documents recently filed as part of a lawsuit in Massachusetts federal court. The former employees, who worked at Bank of America centers throughout the United States, said the bank rewarded customer service representatives who foreclosed on homes with cash bonuses and gift cards to retail stores such as Target Corp (TGT.N) and Bed Bath & Beyond Inc (BBBY.O). For example, an employee who placed 10 or more accounts into foreclosure a month could get a $500 bonus. At the same time, the bank punished those who did not make the numbers or objected to its tactics with discipline, including firing."
The headline doesn't tell half the story. The more you read, the worse it gets:
"(Reuters) - Six former Bank of America Corp (BAC.N) employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. The bank allegedly used these tactics to shepherd homeowners into foreclosure, as well as in-house loan modifications. Both yielded the bank more profits than the government-sponsored Home Affordable Modification Program, according to documents recently filed as part of a lawsuit in Massachusetts federal court. The former employees, who worked at Bank of America centers throughout the United States, said the bank rewarded customer service representatives who foreclosed on homes with cash bonuses and gift cards to retail stores such as Target Corp (TGT.N) and Bed Bath & Beyond Inc (BBBY.O). For example, an employee who placed 10 or more accounts into foreclosure a month could get a $500 bonus. At the same time, the bank punished those who did not make the numbers or objected to its tactics with discipline, including firing."
Florida Homeowner's Association Sues Resident For Critical Blog Comments, Seeks Identity Of Other Commenters | Techdirt
Florida Homeowner's Association Sues Resident For Critical Blog Comments, Seeks Identity Of Other Commenters | Techdirt
Thanks to Shu Bartholomew for the link to this blog post:
"A few months back, we wrote about an HOA president in Indiana going ballistic with bogus legal threats towards pretty much anyone who criticized him. And now, here's a story out of Naples, Florida, where an HOA for "Fiddler's Creek" is using homeowners' fees to sue one of their own homeowners, a resident named James Schutt, because he made some comments the HOA board members don't like on a blog about the community."
Thanks to Shu Bartholomew for the link to this blog post:
"A few months back, we wrote about an HOA president in Indiana going ballistic with bogus legal threats towards pretty much anyone who criticized him. And now, here's a story out of Naples, Florida, where an HOA for "Fiddler's Creek" is using homeowners' fees to sue one of their own homeowners, a resident named James Schutt, because he made some comments the HOA board members don't like on a blog about the community."
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