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If the condo association loan payment is coming out of the reserves can the interest on this payment be put on the operating account as an expense?

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If an HOA gets a loan is the interest paid a tax write off?

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We are an 11 unit condo association in Virginia and can not find a $34,000 loan.  Where can we go?  

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LOAN Vs. Assessment? 100 unit condo having to deal with roofing project. New York State condo law allows bank loans for capital improvement projects. Thoughts on bank loan vs. assessment? Carmel NY.

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I was advised by PNC Bank that a Condo Association wasn't "Approved" by the government for Manufactured Home Lending. How can they operate as a Condo Association if it doesn't meet the Government Approval? There are only two banks that will loan money and it's at higher interest rates.

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Our 411 unit association foreclosed on 4 condos 7 years ago. They had a bank loans in the first position. They have never taken any action and there are 7 years of unpaid dues. We want to sue the bank for the dues. Is this possible?

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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