Governor Jared Polis reinstated a state eviction moratorium today which further strengthened the national eviction moratorium previously issued by the CDC in September 2020. The CDC action prevented most evictions from moving forward, but provided …
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House Bill 19-1189: Wage Garnishment Reform = Bad News for Associations
So far, the 2019 legislative session has been fairly uneventful with regards to proposed legislation affecting common interest communities. However, last week the House introduced HB 19-1189 that, if passed, will significantly impact an association’s …
Continue readingAlternative Revenue Sources for Community Associations
Budget season is still far away for most community associations, however, it is never too early to address how an association can improve its ability to meet current and future financial needs. While regular assessment …
Continue readingAffordable Housing Lottery in Upscale Lodo Community
A new condominium complex is offering 33 of its one and two-bedroom units for sale at a price that is well below market value in an effort to increase affordable housing in the community. So, …
Continue readingAssociation Loans: Avoiding Default
It is not uncommon for an association to take out a loan to fund major repairs or renovations that become necessary in a common interest community. Whether the loan repayment is being funded through an …
Continue readingMinimizing Risk in Receiverships: Part II
I recently blogged about how to identify and avoid potential financial risks relating to receiverships prior to filing the lawsuit. Once a lawsuit has been filed, there are additional steps that an association can take …
Continue readingMinimizing Risk in Receiverships: Part I
A receivership can be an effective method for collecting delinquent association debt. Many associations, however, are hesitant to pursue this remedy as they feel that receiverships are ‘risky’ or not cost effective. However, performing some …
Continue readingJudicial Foreclosure Flowchart
For those who did not visit our booth or attend the CAI Spring Showcase, The Dupont Law Firm has prepared a flowchart (right click on the image and save to you computer or device) explaining …
Continue readingDon’t Overlook Acceleration of Assessments
If you have been reading this blog, you likely have seen the articles relating to the County Court collections process. While obtaining a money judgment against a delinquent owner can be an effective remedy, collection …
Continue readingAverage Home Prices top $500k: Preparing your Association for a Market Correction
A recent news story reported that average home prices in the metro Denver area now exceed $500,000. While that may seem like good news for homeowners, it likely signals that a correction is coming in …
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