Many people mistakenly believe that Rhode Island Condo Insurance is the same thing as the state’s homeowners insurance. Condo insurance isn’t the same as homeowners insurance for a few different […]
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What to Know About Condo Fee Delinquencies and Collections
Purchasing a condominium can be a really exciting event. You have a new place to entertain, sit back, relax, and call home. But while there are many fun aspects of […]
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What’s the Difference Between a Condo and a Co-op?
Condominiums and co-operatives (commonly referred to as condos and co-ops) are becoming an increasingly more important source of housing for Americans. Demographic trends are seeing more individuals favoring location and […]
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Understanding the Responsibilities of a Condominium’s Board of Directors
The board of directors is the heart of any condominium building. To ensure a well-functioning condominium board of directors, the directors must have a clear understanding of their responsibilities. The […]
Continue reading…What Is an FHA-approved Condominium?
When buying a home or condo, traditional bank lending requires 20% of the purchase price to be paid upfront. For many prospective buyers, making a 20% down payment is simply not […]
Continue reading…FHA Condo Certification
In order to buy a condo unit with an FHA loan, it is required that the whole condominium is FHA certified by the Federal Housing Administration. Being able to accept […]
Continue reading…The Condominium Basics: Formation, Conversion, Components, Governance, Sale and Resale
In Rhode Island, a condominium is any real estate project which includes individually owned units (i.e. a residential condominium unit) and common elements (i.e. general common elements and limited common […]
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