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Rising Home Prices Creating Equity

Rising Home Prices Have Helped Create Equity Between Market Value and Mortgages The effects of the COVID-19 pandemic on the global economy have been felt by people all over the world and in every life stage. Despite this, one area that has been largely unaffected is...

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Mortgage Foreclosure Terms and Abbreviations

One complaint we hear quite often is board members don’t understand the terms and abbreviations being used during a foreclosure case. Attorneys will toss them around like everyone has worked in foreclosure law for years. While it might seem simple to an attorney that a CMC is...

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LM Funding Referral Program Announced

We're excited to announce the arrival of our new Referral Program! Introduce us to a new association and receive a $500 check when they join the LM Funding family. The introduction can be as simple as sending an email to the board/manager with Referrals@LMFunding.com on copy. There is no...

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Service Animal Bill Goes Into Effect – July 2020

Service animals have been a hot topic for associations. We can hardly make it through a board meeting without the subject coming up. Associations want to make sure people with disabilities have all the resources they need, but sometimes feel people are taking advantage of...

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Keeping Your Association’s Website Compliant

As attorneys working exclusively with planned community associations for the past ten years, Business Law Group has seen a lot of different kinds of issues arise that can complicate collections of delinquent accounts. Defenses that have been raised at various times include whether owners...

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The Three Rules of Attorney Billing

In private, lawyers will tell you these three rules about their legal fees:   Rule #1- Never bill a client less than the client is willing to pay. Rule #2- Never bill a client more than the client is willing to pay. Rule #3- Clients will always pay more...

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Coronavirus Increases Community Association Delinquencies

The novel coronavirus triggered versions of stay in place or quarantine orders in many American communities in March.  The initial April data already demonstrate an increase in community association delinquencies.   Since 2008, LM Funding has tracked several data points to predict the rise and fall of...

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Community Associations and COVID-19

Community Associations and COVID-19 In the past several weeks I have spoken to many Clients with questions on how their Condominium or Homeowners Association may or must respond to COVID-19 and the myriad of Federal, State, and local orders.  My intention is that this writing will...