FHA Condo Approval Specialist: To Proxy or Not To Proxy

To Proxy or Not To Proxy

To Proxy or Not to Proxy

proxy votingThe Chicago Tribune recently posted an article about proxy voting and received over 120 comments from community residents nationally.  The results showed that there was strong support to allowing proxy voting and staunch opposition to its use.  Very few were indifferent to the idea.

The obvious benefits include allowing voting for unit owners who do not live in the area and they can allow for a quorum for voting when not enough members attend the meeting.

There can be fraud in using proxies such as forgery and it can also allow unit owners to push their own agendas if he/she can collect enough proxies to sway the outcome of a vote.

I have lived in a condominium community and I think that proxies are a necessary “evil”, if you will.  It can be frustrating to not have enough attendance to make a quorum when there are time-sensitive issues at hand, like voting on a budget or special assessment.

In some states, proxies are mandated by state law so there is no choice as to whether or not to have them.

What has been your experience with proxies?  Are you in favor of them or opposed to them.

 

Image courtesy of Stuart Miles/freedigitalphotos.net

The Condominium Project Approval Team at ReadySetLoan is dedicated to helping condominium projects across the nation to obtain their approvals with FHA and the VA or become recertified with FHA.  We have assisted nearly 200 condominiums and we can help your association.

 

ReadySetLoan is an active member of the Connecticut and New England chapters of the Community Associations Institute (CAI) and is a frequent contributor to Common Interest Magazine as an expert in FHA/VA condominium project approvals.

 

Please contact us with any questions regarding FHA or VA condominium project approvals.  You can email me at askeric@readysetloan.com or call me at 404-433-4565. I will be happy to answer any of your questions.

 


FHA/VA Condo Approval Specialist

404-433-4565 Cell Phone

860-644-3772 Fax Phone

eric.boucher@readysetloan.com
ready set loan condo team

 

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Comment balloon 1 commentReadySetLoan Condo Approval Team • January 13 2014 05:26PM

Comments

I enjoyed your blog today and learned something to use more often. Thanks for posting.

Posted by Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA (Winston Realty, Inc.) almost 5 years ago

Participate