Yes, welcome to your new condo. You’re going to love living here. The neighbors all get along and we don’t seem to suffer the kinds of problems felt in many other Homeowners Associations. You’re buying into a little bit of Heaven, your own private home. Welcome, welcome, welcome!
Oh, we’re sorry we couldn’t give you copies of the covenants, the budget and insurance papers in time for your real estate closing. At the time you requested them, the paperwork was tied up in some minor snafu. But it’ll all get worked out soon.
Transfer fees are among the biggest scams in the housing business. North Carolina residents tried to get them outlawed. Colorado is trying. New Mexico is trying. Transfer fees are a ‘little’ item on your paperwork that pops up when you try to sell your home. If you live in a Homeowners Association of any kind you’re likely to learn that you have to pay the fee before you can sell to a buyer. Transfer fee. That means some property manager had to photocopy the HOA covenants, probably a hundred or so pages. But you don’t photocopy them one page at a time. No, they’re on his computer. Push one button and the printer spits them all out in a couple of minutes.
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Associa, CAI and Crooked HOA Transfer Fees
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In Greek mythology, the Hydra was a terrifying sea monster that had many heads and used them to devour innocent seafarers. Our hero, Heracles, forced the Hydra into the open and began chopping off its heads. But each time a head was severed two new ones grew back. It seemed like a hopeless task but Heracles was undaunted. He finally figured out that if he used a torch to cauterize each severed limb they failed to regrow.
As a lifetime broadcast journalist, I sometimes did some odd things as I negotiated my way through the low ranks of radio journalism into the top ranks of TV journalism. One odd thing that became a habit was ‘snooping’ on the reading habits of my supervisors. Really! Whenever I was called into the office of a supervisor I would carefully note which books I saw on his or her desk. When a book is recommended by upper management you can usually see copies on the desks of each of your managers. I used to carry a tiny notepad into the boss’s office and write down the names of books and authors that various managers were reading. It seemed a clever and calculated thing to do, just to track what management was thinking at any given time. It’s how I came across, “Winning through Intimidation” by Robert Ringer and “How To Stop Worrying and Start Living” by Carnegie. I ALWAYS bought and read copies of the books I saw on the boss’s desk.