MARCUS, ERRICO, EMMER & BROOKS, P.C. 

  
Massachusetts - New Hampshire - Rhode Island  

 

Representing Over 3,500 Condominium Associations...One Association at a Time    
 
C
ondominium-Apartment Insider 
 


 March 2012
Issue No. 34

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Become a fan of College of Community Association Lawyers on Facebook Find us on Facebook and visit ccalonline.org  
 
For Questions or Comments or if you would like to add our newsletter to your website, please let us know at law@meeb.com.
 

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FEDERAL AGENCY ISSUES FINAL RULE

THAT COULD IMPACT ASSOCIATION TRANSFER FEES

 

Last week, the Federal Housing Finance Agency (FHFA) published a Final Rule restricting the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal Home Loan Banks from dealing in mortgages on properties encumbered by certain types of private transfer fee covenants. The Rule bears an effective date of July 16, 2012.

 

The FHFA is an independent agency of the federal government which was established by the Housing and Economic Recovery Act of 2008 (HERA). This agency's mission is to reduce the risk exposure for Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The FHFA explains that the Rule is intended to protect the regulated entities (named above) from exposure to mortgages with certain features that may impair their value and increase risk to the financial safety and soundness of those entities. This Final Rule specifically applies to developers, condominium, cooperative and homeowners' association restrictions created after February 8, 2011.
 

Read More>>  

 

 
___________________________________________________________________
JOIN STEPHEN MARCUS ON A CRUISE FROM BOSTON TO NEW BRUNSWICK CANADA
Cruise Ship

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Dear Colleagues,

  

 

This summer (July 12 - 16) I will be joining Paul on a cruise from Boston Harbor to St. John - New Brunswick Canada and returning to Boston.  On board the Carnival Glory, Paul and I will conduct seminars for association managers which will give you new techniques to better serve your associations, money making ideas and legal trends from around the country.  Paul Mengert, CMCA, PCAM, and his group, beginning last year has organized cruises for association professionals (www.HOAcruise.com).  If you don't know, Paul's company (Association Management Group, Inc. AAMC) is one of the largest management companies in the Carolinas and he is a long-time PMDP faculty member, speaker at CAI Law, CEO-MC and CAI National Conferences.

 

The cruise is ONLY $1,499 per couple**!  While the participants receive 16 hours continuing education - their spouse, significant other, friends or children are welcome to join us and will love the trip!  The special pricing of $1,499 (per couple) extends to all of your guests and includes a cruise for 2 people, educational seminars for one person. Sign up now, space is limited.

 

Paul and his group have made special arrangements with the ship's staff so the class will not interfere with exciting events on board, port of call or other signature activities on the cruise.  As an association manager or management company executive, you deserve some time off, but also need to stay abreast of the latest techniques and share in the most advanced thinking in the HOA industry.  Don't miss your chance to do both.  

 

The valuable seminar material will help boost your career, while the time at sea (away from the office) will provide the relaxation you need to truly do your best.  Check out the cruise web website www.HOACruise.com for all the detailsLIKE the special HOA Cruise Page on Facebook, then join us for all the fun!

 

If you have any questions, please reply to this email or call our Cruise Director, Dacy Flynt at (704) 507-1066.  For more details please click here.

 

Best regards,

 

Stephen M. Marcus

Partner of Marcus, Errico, Emmer & Brooks, PC 

 

  

*(Pricing is per couple with one seminar participant, inside cabin, plus government taxes, port fees and Carnival gratuities.  Please see Terms and Conditions for more details.)

 

*Please note: the group cruise is sponsored by Association Management Group, Inc. D/B/A Seminars at Sea, which is an AAMC member of CAI.  The Cruise is NOT a CAI function. However, the class is approved by the National Board of Certification for Community Association Managers (NBC-CAM) to fulfill continuing education requirements for the CMCA Certification www.nbccam.org. Cost listed is for a cruise for 2 on the Carnival Destiny, seminar for 1.  Price does not include government taxes and port fees and Carnival gratuities.  Click here to see the full terms and conditions.

 

 

 

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MEEB'S STEPHEN MARCUS TO HOST 

TEXAS HOLDEM TOURNAMENT TO BENEFIT THE CROHN'S & COLITIS FOUNDATION OF AMERICA

 

 

The tournament is being held on

May 19, 2012

5:00 pm - 11:00 pm

at the Knights of Columbus,

375 Foundry St. (Rte. 106),

North Easton, MA 

 

Entry Fee is $100.00 per person and can be purchased on line at www.intestinalfortitude.org or mail a check payable to CCFA c/o Jake Marcus, 2 Pout Rock Rd., North Easton, MA  02356.  Please note on check "Texas Holdem Charity Event."  High Stakes Table available for $1,000 per person.  

 

For more details on the tournament or to join the High Stakes Table contact:

  

 Carol Lang

781-843-5000 (ext. 119) | clang@meeb.com

or

Walter Mirrione

781-843-5000 (x107) | wmirrione@meeb.com

 

 


 

MARCUS, ERRICO, EMMER & BROOKS, P.C.

 45 Braintree Hill Office Park, Suite 107

Braintree, Massachusetts  02184

781-843-5000 /meeb.com