Friday, August 7, 2009
NEW WEBSITE AND BLOG UPDATES COMING SOON!
We are in the process of finding a new host for the website. It will be back online at the islandterrace.info URL.
Thursday, April 9, 2009
A message from your neighbor, Larry Lopes
Hi folks,
YEA!!! Spring is here. Signing up for the Maine Lung Association’s Trek Across Maine in the dead of winter was one thing but now, I’ve got new tires on my bike and I have been out riding the last few weekends. I rode 13.8 miles from Saco along
Larryz Trek Across Maine Fundraising Page
Check out my pledge page and pledge whatever you are comfortable with but don’t feel obligated.
Feel free to share this appeal with anyone you think would be interested in supporting my effort.
Saturday, March 21, 2009
Help Protect Yourself and the Condo Association
http://www.mainelegislature.org/legis/bills/bills_124th/billpdfs/HP066301.pdf
Right now in the Maine Legislature they are discussing LD 961. The way the law is written now, if someone goes into foreclosure the town is first in line to collect back taxes. Then the first mortgage holder is next to receive money and after that is the Condo association followed by the second mortgagee.
That means that if a unit owner owes the association money and goes into foreclosure that the association is very likely to be out the money owed.
(In example...a unit owner owes the association a years condo dues. Around $2400. In trying to collect that money the owner goes into foreclosure. The mortgage balance is $120,000 and at auction the price is $70,000.) The town is owed nothing, $70,000 goes to the mortgage holder and there is no money for the ITOA. Worse still, any legal fees or heating fees are also at our expense. If the Condo Association needs to recover those monies the result can be higher monthly fees.)
This bill will give the Condo association a priority. And its possible that it will result in the Association collecting monies owed without the unit owner losing their home.
PLEASE, Contact State Reps Don Pilon and Linda Valentino as well as State Senator Barry Hobbins to tell them that as a Condo owner you support LD 961.
Thanks!
Right now in the Maine Legislature they are discussing LD 961. The way the law is written now, if someone goes into foreclosure the town is first in line to collect back taxes. Then the first mortgage holder is next to receive money and after that is the Condo association followed by the second mortgagee.
That means that if a unit owner owes the association money and goes into foreclosure that the association is very likely to be out the money owed.
(In example...a unit owner owes the association a years condo dues. Around $2400. In trying to collect that money the owner goes into foreclosure. The mortgage balance is $120,000 and at auction the price is $70,000.) The town is owed nothing, $70,000 goes to the mortgage holder and there is no money for the ITOA. Worse still, any legal fees or heating fees are also at our expense. If the Condo Association needs to recover those monies the result can be higher monthly fees.)
This bill will give the Condo association a priority. And its possible that it will result in the Association collecting monies owed without the unit owner losing their home.
PLEASE, Contact State Reps Don Pilon and Linda Valentino as well as State Senator Barry Hobbins to tell them that as a Condo owner you support LD 961.
Thanks!
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