Friday, March 16, 2007

VA: Money Missing A company that manages the finances of more than 300 community homeowners associations in Northern Virginia is operating under court order after some associations discovered that thousands of dollars were missing.  More than $800,000 is involved overall, 9:06:22 AM

FL: Hallandale police say ex-condo head took $200,000 Greenberg, former president of Parker Plaza Estates, a Hallandale Beach condo, stole almost $200,000 from the condo while serving as its president for several years, according to Hallandale Beach police. 8:46:53 AM

NY: Ulrich condos a complex issue headed to public hearing Under state law, condos are assessed using income valuation rather than market value. By assessing condos as though they were rentable apartments, owners can save 40 percent or more on their tax bills. 8:40:14 AM

OH: Charges filed against condo management firm co-owner Kaman said the news that Kathleen DeSalvo was charged resulted in mixed emotions in several of the associations' board members. "While gratified to see progress in the criminal investigation, the one charge of mail fraud against Kathleen DeSalvo pales in comparison to the devastation and breech of trust that this theft has caused within many condominium and homeowners associations," he said. 8:26:35 AM

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