Month
October 2012

October 2012

The B Corp: An Emerging Concept

A new type of corporation has arisen in the form of the B Corp.  The term can be used to refer to either Benefit Corporations, which are recognized under the benefit corporations laws of an increasing number of individual states, or Certified B Corps, which are certified by the 501(c)3 nonprofit B Lab.  What all B Corps […]

FHA Eases Condo Financing Rules

In good news for those in the condo market, the Federal Housing Administration has revised its rules for condo financing, undoing years of frustration at rules that made most condos ineligible for FHA loans and their benefits.  The changes were issued and came into effect on September 13, 2012. The FHA requires that certain aspects […]

Delayed and Insufficient Maintenance Exposes Condo Association to Liability

A year ago, a Massachusetts jury awarded Amedeo Gallotto nearly $7.8 million. The reason?  Gallotto, an experienced boilermaker, was severely burned and traumatized in a water heater explosion at a condominium complex.  He had been called to repair a leaking gasket, but the heater was still under pressure when he opened it, causing the incident. […]

Using Comparable Condo Units to Challenge Your Property Tax Assessment

If you are a condo owner, you may have discovered that the assessed value of your property differs from the assessed value or sale price of similar units in your condo development.  As a result, you may have come to the conclusion that your unit has been overvalued and requested an abatement from your assessors.  […]

Introducing the Schofield Law Group

It has been nearly nine years since I formed my own law firm and thirteen years since I started practicing law, and during that time I have learned that the best part of my job is serving as an advisor and advocate for my clients.  I take great pride in helping my clients to resolve disputes, […]