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Board vote may require majority of all directors, or majority participating in meeting (FL)

Our HOA is constituted as a five-member board with a quorum requirement of three voting members for any resolution. Recently one of the board members relocated, leaving four active members. We issued a request at our yearly meeting for new board members and the proper intent to serve forms were submitted by two residents.     Read the Q&A……………………………….

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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