Tag Archives: HOA Hell

Power In Petitions, Numbers, and Voices

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guest blog by Nila Ridings

Today, let’s talk about change.
 
When was the last time you decided it was time for a change?  
 
We easily change the small stuff; hair styles, clothing, or the store where we buy groceries.  The not so small stuff; a new car, taking a trip around the world, or going back to college for another degree.  And the biggest change of all; buying a new house, vacation home, condo, or a ranch where the neighbors can’t see you grilling steaks in your skivvies.  
 
We all know by now, buying any property with an HOA, COA, or any other association where neighbors are dictators over neighbors and your bank account is at risk for all debts of said “organization” comes as a life-changing experience.  A change you could never dream in your worst nightmare.
 
More and more of those who have suffered mercilessly in these hellholes are connecting and working hard to create changes that will benefit the homeowners.  One of those hard-working folks has created a petition that was found on the internet.  Whether you sign or not, reading the comments written by the hundreds of signers is confirmation that all across America HOA homeowners are living in misery. 
 
It’s time for our legislators to listen!
 
 
http://www.petition2congress.com/1940/stop-hoas-from-stealing-peoples-homes/view/1
 

Who’d Have Ever Thought?

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Yes, folks. Some home sellers know exactly how to market their properties! The photo is a bit blurry. But the second panel is what’ll get this guy the highest possible price: “No Homeowners Association.”no HOA

This Bubble Will Burst

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If you wanted to sell your home in a Homeowners Association, what would be a best case economic scenario for you and your prospective buyer? You’d want that buyer to be able to get a loan, right?

If you wanted your home to be more marketable, you’d want your HOA to seem less litigious, right?

If you wanted a quick sale, you’d want all HOA homes to be owner-occupied, right?

And to get top dollar for your home, you’d want no vacancies in the neighborhood, right?

Well, let’s toss a monkey wrench into the machinery and see what happens.

The housing bubble that popped in 2008 and 2009 led to a huge number of foreclosures as mortgage companies tried to limit their losses. It also led to more Homeowners Associations liening and foreclosing on homeowners who got behind in their dues. The typical HOA has a super-priority lien on all homes within its borders. That means that when the homeowner gets a few hundred bucks behind on his mortgage, the HOA can grab that property and auction it off at the nearest courthouse for a few thousand bucks. The HOA gets paid, the mortgage company does not. And that means the mortgage company gets screwed out of the entire value of its loan.

Now, suppose you’re an executive in a mortgage company. If you know that a certain neighborhood is in crisis, i.e., foreclosures, lawsuits against owners, a high number of vacancies, a high number of rentals, and the HOA doing its own foreclosures through super-priority liens, how willing would you be to offer mortgages to would-be buyers?

Thought so.

If you happen to be the homeowner who’s trying to sell a home in a neighborhood where no potential buyer can get a loan from traditional lenders, what do you do? You lower your price, lower your price, lower your price, lower your price.

And the housing bubble bursts. The economist linked below thinks the housing Armageddon is coming.

(link to the coming housing bubble)

 

What Kind Of Egg Hunt?

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Some HOA photos really don’t need much comment. Others cry out for some kind of reaction. I don’t know anything about the Lakewood Springs Homeowners Association but millions of embattled homeowners would agree that this particular sign might be more descriptive than the HOA intends!

“Wrong Way, Lady!”

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A Democratic State Legislator in Virginia is crowing about getting a law passed in her state. The new law will allow HOA officials in self-managed communities more time to answer written requests by homeowners for information. Current Virginia law requires HOAs to provide paperwork or answers to inquiries within five days. The new law Ms. Filler-Corn loves so much doubles that time to ten days.

Delegate Eileen Filler-Corn brags that this will help ease the burden on HOA officials. She says the five-day requirement is too much of a burden for neighborhood volunteers.

Listen, Lady! You’ve got it exactly backwards. Virginia HOAs are just as mean-spirited as those in other states. Your law does NOTHING to help beleaguered homeowners. How about actually pushing for some real reform? How about a two-point law that will really make Filler-Corn a household name.

First, you mandate that all neighborhood paperwork is posted online and available at all times! Then no homeowner would have to beg and plead to see HOA budgets, and how much board members were soaking the community with their hotel food-and-booze tabs. And no resident would have any questions because everything they could possibly need is instantly available.

Second, forget the First Point. Just abolish all HOAs as being fundamentally flawed. They’re all constructed to purposely allow agenda-driven ‘volunteers’ to get their claws into their neighbors’ throats. Actually, this law might make you a statewide hero!

What do you think, Del. Filler-Corn?

(link to Virginia story)