Goonan on The Case Against HOAs

      3 Comments on Goonan on The Case Against HOAs

Deborah Goonan continues to shine as one of the best and brightest as she goes after the national HOA scam. Tonight’s blog is a keeper. Definitely save it for future reference.

Here’s the link:

The case against common ownership and mandatory HOAs

 

 

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About Ward Lucas

Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

3 thoughts on “Goonan on The Case Against HOAs

  1. Deborah Goonan

    Thanks for the clarifications, Donie. There truly is a double standard for titleholders – they reap very little benefit and yet bear all of the financial liabilities and disadvantages of what really amounts to “collective” use of property.

    Reply
  2. Nila Ridings

    Precisely why I say buyers become the guarantor on all debts, loans, lawsuits, settlements, liabilities, construction defects and disaster rebuilds when you buy into any community with common interest ownership. It is no different than co-signing for the debts of everybody waiting for the green light sitting around you at a stop light. The risks are massive and completely unknown. You don’t know who in your list of new neighbors gets drunk and goes crazy as a board member. You don’t know who might pick up a crowbar to release their anger for you taking photos. You don’t know what any of your neighbors will do, but the minute the ink dries on that contract you’ve just agreed to pay for whatever happens.

    Not all HOAs carry insurance but even if they do, the owners are paying their portion of the premiums and there is not guarantee that the HOA won’t have their insurance canceled. Mine has lost the insurance twice in three years. And there is always the possibility the insurance coverage will not be enough.

    Buyers (suckers) are getting duped every single day by the HOA scam!

    Reply

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