Across the country, more and more major news agencies are either doing, or are planning extensive stories on the HOA mess. It’s more than a mess. It’s a national outrage. It perpetuates the outrageous lie that a Homeowners Association will protect your property values. Not in my experience!
Here’s the link to an excellent story beginning with the victimization of an innocent family.
The Illinois Supreme Court has handed down some pretty goofy decisions on behalf of Homeowners Associations. I loved the one last year, the ruling that gave untrained, private HOA security guards police powers, the ability to pull over motorists and hand out tickets.
This latest one is a humdinger. It makes any new buyer of a condo responsible for all unpaid assessments, fines and legal costs run up by the previous owner IF it fails to pay the first monthly assessment on time. Once again, ask yourself what financial organization in its right corporate mind would invest in an HOA? And if you can’t find lenders, what does that do to property values?
Florida is choked with Homeowners Associations and their regulations can sometimes be draconian, such as no drying of clothing on the backyard clothes line. Here we are facing a worldwide energy crisis, we’re supposedly facing global warming. Yet HOAs threaten to fine, lien and foreclose on homes where somebody tries to save energy by hanging some towels out on the line.
Florida actually passed a law prohibiting HOAs from enforcing such prohibitions. HOAs and property managers should know the law. But they’re more comfortable bullying than in recognizing homeowners’ rights. The story linked below is about a Fort Myers homeowner who did know the law. But she’s now being targeted by the Cross Creek Estates Homeowners Association.
I blogged about the Cobblestone Community Homeowners Association a few days ago, but the update linked below is worth reading. While I can refute this reporter’s claim that “Most homeowners’ associations work and work well….” Hmmm, this leads me to believe this reporter is a novice. In truth, every Homeowners Association is one vote away from disaster. They don’t protect property values, they don’t ensure personal security, they don’t protect you from embezzlers on the board or in the management company.
The lawyer quoted in the story says he’s frustrated. Of course he is. He knows how dangerous HOAs can be!
It seems like each state has a hero in the anti-HOA movement. Colorado has Stan Hrincevich. He has worked long and hard to get some kind of state control over the HOA scam. Here’s his latest update on HOA legislation in our state:
The HOA Property Manager (aka Community Association Manager (CAM)) licensing law was fully implemented July 15, 2015. This law provides homeowners a chance to help clean-up abusive industry practices and provide a forum for home owners to rein in violations of State law and HOA governing documents. HB 13-1277 is the licensing law.
