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SKRealEstateLaw Condo Blog

How High Should My Condominium Fees Be?

“$450 bucks a month for my condominium fees? How is that even possible?  My best friend has a condo that is the same size, and pays $200 a month!  Someone has to be mismanaging money.” When clients come into my office to review condominium…
SKRealEstateBlog Condominium Blog FI

And the Bill Just Keeps Getting Higher: Condo Fees and Legal Costs in SK

  When doing work for condominium corporations, one big obstacle in their decision making process is the legal costs associated with enforcing bylaws or collecting fees.  A big legal bill could result in an increase condominium fees,…
SKRealEstateLaw Monet Pt 1 Blog FI

How Much Money do I Need to Buy a Home? (Please Don't Use the 1.5% Guideline)

As the market heats up going into the spring, I feel it is as good a time as ever to help people understand the cost to close their deals.  I hate seeing people scramble because they failed to appreciate some aspect of their transaction. …
SKRealEstateLaw Monet Pt 1 Blog FI

The Costs of Foreclosure (and Maybe Some Savings too?!?)

Foreclosure is a difficult process for individuals that are going through the process.  Often, it is a result of a change in life circumstances, like a failed marriage, a lost job, or a bankrupt business.  Because of the difficult…
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Condo Boards - No Need to Crack Knee Caps for Past Due Accounts.

An issue that I find myself regularly educating condominium boards about is the process of collecting condominium fees from owners in arrears.  These boards often struggle with the 'bad guy' role of collecting delinquent accounts - having…
SKRealEstateLaw Monet Pt 1 Blog FI

How Much Money do I need?

  “Lawyer’s fees” are often a confused area of a real estate transaction.  In the midst of budgeting for most people’s largest financial transaction of their lives, individuals are looking for some cost certainty on what it is…