Condominium Homeowner Association News
Winter 2011- Imagineers Picks:
After Snow Storm Another Threat Looms - Ice Damming-
Connecticut Post (January 17, 2011):(click here)
Record snowfalls dumped as much as two feet of snow in some parts of the region, people are scrambling to get all the snow off of their roofs before it seeps in between their shingles and cause some major water damage.
Professionals See Some Bright Spots in 2010 Local Real Estate Report
The Day (January 16, 2011):(click here)
Median prices holding steady, interest rates low, but true rebound elusive. If 2010 was a recovery year for local real estate, it would have been nice to have seen a recovery.
FHA Extends Temporary Condo Guidelines
Reverse Mortgage Daily (January 14, 2011):(click here)
The Department of Housing and Urban Development is extending temporary condominium policy guidance issued last year.
Stricter Lending Guidelines For Condos
New York Times (January 13, 2011):(click here)
Stellar credit and steady income will go a long way in helping borrowers secure a home mortgage, but they may not be enough when it comes to buying or refinancing in certain condominium buildings.
Fire Marshall Accused By Condo Group of Extortion
New Haven Register - Fire Fighting News (December 20, 2010):(click here)
A local condominium association claims that the Fire Marshall threatened to seek a court order to shut down the building if the association did not install a new fire alarm system. He then recommended that his wife's company be hired to do the work, according to court documents.
Connecticut Home Sales Decline Again
The Wall Street Journal (November 5, 2010):(click here)
September condominium sales in Connecticut dropped 23% to their lowest level in more than 20 years, according to Warren Group, a real-estate data firm and author of the report. Condo median prices also posted a slight increase of less than 1% to $183,500 in September from the same month last year. The year-to-date median condo price through September inched up more than 2% to $181,000 from the same period last year.
Ice Dams, Burst Pipes, Broken Tree Limbs: Saving Your House From Winter
Hartford Courant (January 21, 2011):(click here)
One of the most common results of a big storm is so-called ice dams, which are caused when snow on a roof begins to melt from the bottom layer, dripping into the gutter. That water freezes along the eaves where it hits cold air, and the resulting ice at the gutters and soffits dams up the water from melting snow, causing it to pool up on the roof and seep under shingles and into attics and ceiling, or trickle inside walls.
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