Tag Archives: foreclosure

Hey, Sweetie, Let’s Buy A Condo

Condo, co-op, duplex. Growing numbers of people are moving into Homeowners Associations with approximately ZERO knowledge of what they are and how dangerous they can be.

It’s been tough getting the media’s attention, but the movement to wake American homeowners up seems to be gaining momentum. Every little bit helps, including the article linked below.

(a word of warning from TheStreet)

 

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Just Wait For The Earthquake!

It’s unsettling how so many tens of millions of people have just blithely wandered into the Homeowners Association experience without thinking. And so many people think they’re getting such a deal by being one of the first to believe the developer’s promises and move in.

Hoo, boy. A number of prospective homeowners bought condos in a residential skyscraper under development in San Francisco. The developer just didn’t tell them all the relative facts; that one side of the building has sunk sixteen inches into the ground and the building is tilting.

Wow!

Run Like Your Hair Is On Fire From Village Cooperative

guest blog by Nila Ridings

Facebook has lots of HOA, COA and cooperative ads that pop up and most I ignore. This one I could not because it said Village Cooperative a 55+ housing community. And wouldn’t you know Facebook has it blocked so I cannot make any comments. A year or so ago I did comment on some sort of HOA advertising and since then I’ve been blocked from making comments on all things HOA. Coincidence? I think not.

When An HOA Goes Broke

Ah yes, believe all you want that your Homeowners Association protects the value of your property. But you’re spitting into the wind. All these years you’ve believe a falsehood spread by an industry that will NEVER be in the business of protecting your home value. This industry believes in the Almighty Dollar, no matter how it’s obtained.

The Pine Ridge HOA in Bushkill, Pennsylvania is a perfect example. A wave of non-dues-paying owners combined with a huge number of foreclosures has pulled this neighborhood right to the brink of bankruptcy. They’re struggling to find an answer. The answer is…there is no answer. You thought you were buying a retirement home? You ended up with a piece of Florida swamp land. Valueless. You believed the lie. You discovered what those of us in the Homeowners Rights movement have been warning you about.

Another Veteran’s Widow Faced With Foreclosure

Homeowners Associations don’t like veterans. They also don’t like veteran’s widows. Widows, you see, threaten the marriages of all other couples in the neighborhood. So ladies who get themselves elected to HOA boards try just about anything to boot widows and single women from their homes.

Hyperbole? Don’t bet on it. We’ve seen situations like this happen all over the country.

This one widow in Texas may have won a temporary reprieve, but that’s because she went to the news media. Without that, she’d most likely be on the street thanks to her oh-so-charitable HOA.