FHA Condo Approval Process

FHA Condo Approval: Adding Value for Your Community

How do you add value by getting FHA condo approval for your community? The Federal Housing Administration will insure mortgage loans by lenders that make a loan for the purchase of a residential condo, if the unit is in an FHA-approved condominium…
WI condo reserve accounts

Condominium Reserve Accounts

Condominium Reserve Accounts vs. "Statutory Reserve Accounts" For a condominium community, the best way to prepare for that inevitable expensive repair is to have a reserve fund. Otherwise, when those big ticket repairs need to be made –…
Wisconsin Condo Law and Smoking

Wisconsin Condo Law and Smoking

Wisconsin law prohibits smoking in the common areas of all condominiums. Newly built condominiums can relatively easily prohibit smoking also in individually owned units, although enforcing a smoking ban in privately owned units can be challenging. Adding…
stock legal documents

The Risks of Using Stock Legal Documents

Thinking of using stock legal documents to save money? It is now easier than ever before to obtain a wide variety of legal documents online. These stock legal documents may be templates with blanks to be filled in or examples of completed documents.…
Wisconsin Companies in Litigation
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Wisconsin Companies in Litigation

A few years back, a candidate for President caught some flak when he said “companies are people.” Ignoring the context in which he made that statement, he was right. A corporation or limited liability company cannot do anything on its own,…
WI public benefit corporations
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Wisconsin Now Recognizes Public Benefit Corporations

About Wisconsin Public Benefit Corporations On November 27, 2017, legislators in Wisconsin passed a law creating a category of business corporation identified as a benefit corporation, to be found in Chapter 204 effective February 26, 2018,…
Breach of contract lawsuit
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What happens with a breach of contract?

  Enforceable Contracts Protect You Mark Twain said: I have signed a lot of contracts in my time and at some time, I probably knew what the contracts meant, but six months later everything had grown dim ….  From one person to the…
Trusts and Trustees

What is a Trust? Do I need one?

What is a trust agreement? A trust is a legal entity that is separate from the individual or individuals who created it. A trust is created by a document called a trust declaration or agreement. A trust agreement is made between the creator…
Wisconsin estate plan

Do I need an estate plan?

What is an estate plan? An estate plan consists of a primary document, typically a will or a revocable living trust, that directs what happens to your property after you die. An estate plan also usually includes documents such as financial…