Tag Archives: foreclosure

HOA Survey is Expanding

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guest blog by Sara Benson

So far, we have several hundred responses yet we still need your help!

We need one final push. Please take the survey and promote the survey on all of your social media networks.

Here is the link to the survey: http://bit.ly/1K11ovs

You can remain anonymous if you wish.

Responders with email addresses will receive the final results of the survey.

Many thanks for your help and support on this most important issue involving 80% of all new construction in America.

I am indebted to you all.

Sara –

Cautions About Condos From Heloise

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guest blog by Nila Ridings

Something about the condo purchasing information in this newspaper column tells me she’s had some first-hand experience. She knows enough to wave the warning flag and sound the alarm, but not enough to know those items are the lesser of the worries in a condo purchase.

I’ve written her a paragraph about my perspective on condo living. If you feel so inclined to help add to her HOA education write her at: Heloise@Heloise.com

Perhaps it will be a newspaper columnist who impacts the most people in the shortest time period? I don’t know. What I do know is the vast knowledge about HOA and COAs among our readers must be shared far and wide.

Just today, I called an Attorney General’s office for some information as I was investigating another HOA nightmare. She asked me, “What makes you inquire about HOAs?” I proceeded to give her the shortest version I could of the past eight years of my HOA exploration and experience. She said, “You sure called me at the right time!” Our conversation continued with her telling me she is looking to buy her first home. All of her friends have purchased condos!!! She thanked me several times for the information I gave her. I hung up feeling like I had just saved a life! I feel 99.9% sure no real estate agent will get her signature on a contract for an HOA property. And I know she will do the research and read the things I suggested so her level of knowledge will most likely be greater than the Realtor trying to sell her a property.

Education…it’s imperative!

http://www.ocregister.com/articles/heloise-333687-ocprint-grapefruit-dear.html

 

 

Visual Assistance For Making Decisions

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guest blog by Nila Ridings
My lifelong friend shared the video below with me.

The visual images put life into perspective in a way that makes a person think. Think, about what has been accomplished and what lies ahead.

Where is it we wish to be down the road? The young may be seeking the perfect mate, an exciting career, a dream car, or a luxury vacation. The older folks mostly set their focus on their health (and wish it had been their top priority decades before), hope they can hold onto their job until they can afford to retire, and they cherish calls from friends and family while clinging tightly to their beloved pets.

When it comes to the roof over all of our heads…I hope the young have learned to run from condos, POAs, and HOAs. I wish every senior would get out of them before they cannot make the move. And for those still able-bodied and know the risks I hope for them to find the motivation to pack up and drive right out the gate. I fall into the latter category and this video just helped me to stay focused on my goal.

If you find it interesting and motivating, please share it. I’m so thankful my dear friend shared it with me.

A Great Newspaper Column!

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Newspaper columnists who favor the Homeowners Association system are getting about as rare as hen’s teeth.

On the other hand, many many journalists are finally ‘getting it.’ Either they’ve been bitten themselves, or they’ve had a flood of complaints from bullied or cheated homeowners. The column linked below from the Capitol Gazette, in Maryland, is really, really good.

She uses the words, “no accountability.” Amen to that!

(link to column on HOAs in Capital Gazette)

 

School Loans + Home Buying = Lack of Info

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guest blog by Nila Ridings

It’s worth repeating that the only way I see changes for the future of HOAs is with the younger generations.

Younger people will listen and participate in discussions about things that could decimate their future. Many of them struggle to find jobs that allow them to live outside their parent’s basement, buy gas and insurance for their car, and still be able to stop at Dunkin’ Donuts for a latte and muffin.

The article and survey below show how the Millennial generation is carrying the burden of school loans that are causing a delay in their interest to buy a home, get married, and have children. It also addresses the fact a high percentage of these loan takers felt they were not given enough information prior to taking out the loans.

These same people will also not be told about the risks of buying a condo, loft, town house, or HOA restricted property if they depend on a Realtor, mortgage lender, or the HOA office to hand over the unvarnished truth. It won’t happen. In an effort to protect these young property buyers I will bare the truth. The whole truth. And nothing but the truth. Because I’ve spent a decade in HOA HELL I will do everything in my power to protect others from the same.

If buyers, of any age forget the sales pitch and remember the following they will be making an informed decision. You sign away your US Constitutional Rights when buying in an HOA. You become business partners with all of your neighbors in a non-profit corporation. You become the guarantor for money to pay on all debts, loans, lawsuits, settlements, liabilities, construction defects, and disaster rebuilds. And any other reason the HOA board of directors may decide an assessment shall be demanded from you.

Just like those college loans, you cannot escape the HOA payments and risks. One may be the ball and chain around your ankle while the other could be the noose around your neck.

I’m going to ask a favor of every reader. Please share this blog and the link below with every person you know between the ages of 18 and 30. We must save as many in the younger generation as possible. For each one we reach there will be countless others who will also receive this message via social networking and coffee shop discussions.

Thank you in advance for being a reader who tries to make a difference!

(link to article on student loan debt)