Condo Trends: Reserve Funds Dirty Little Secret?
The State of Washington will be only the sixth state in the Union to require condominium associations to disclose their financial stability. The Seattle Times reports a new law will uncover the dirty little secret of the condo world — that most condos are severely underfunded, according to Kris Sundberg, a condominium attorney in the area and a past-president of the Washington State Community Associations Institute.