Ask the HOA Expert: Can Governing Documents Be Amended?

Question: Can HOA governing documents be amended to allow compensation to directors for their services as board members? It stands to reason that they could be held more accountable if they received compensation for performance. Answer: Most governing document stipulate that board members serve with

Can You Borrow Your Downpayment?

Sounds like a silly question at first, but can you borrow money for your downpayment? In general, the answer is no. Your funds needed for your down payment, closing costs, and cash reserves need to come from an account you own such as a checking or savings account with your name on it. Lenders will

Mortgage rates are rising again, but homebuyers are seeing some advantages

Mortgage rates last week rose to the highest level since last August, but homebuyer demand climbed as well, as buyers see more supply.

How Can You Break a Lease Legally?

Sometimes, people find themselves in situations where they need to break their lease. You can legally break a lease sometimes, but the situations where it is legal are pretty limited. One reason you can break a lease legally is if the property is violating habitability standards. The law requires la