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Tag Archives: Benny Kass

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Under the same roof with different insurers (access required)

Carefully read every page of every document you will have to sign at settlement (escrow), and if you do not understand something, ask. If the settlement person is not able or willing to explain, check with your attorney. In fact, if at all possible, consumers should be able to review all of the proposed documents at least one day before the final settlement takes place.

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House bill would treat condos like homes (access required)

Thousands of condominiums and housing cooperatives that were damaged when Sandy struck the East Coast last year learned – after the fact – that they were not eligible for money grants from the Federal Emergency Management Agency (FEMA). Unlike single-family homes, which can get both grants and loans, community associations are considered “business associations” and are only entitled to loans. As we all know, loans have to be repaid; grants do not.

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