Category Archives: Home Assoc

What Kind Of Egg Hunt?

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!”

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)

 

Last Call…Who Gets Stuck With The Condo?

guest blog by Nila Ridings

Occasionally I talk with a condo or HOA homeowner who tells me they are working to pay off their mortgage so they can leave the property to their kids debt-free when they die.  None of us knows when we are going to take our final flight, but we all know the risks of owning in a condo association or HOA.  For those who don’t, I’d suggest spending time on this website and reading Ward’s book, Neighbors At War!
 
I’ve watched the results of this plan play out over the past few years.  When heirs live out of state they sell for whatever they can get or turn their new property into rentals.  Rarely, do they move into the unit.  And they have no clue what is going on inside of the HOA , who is running for the board, how many lawsuits are pending, or if the HOA has taken out a million dollar loan.  They’re clueless and have absolutely no interest in knowing more.
 
If they can’t get the property sold and don’t want a rental, they are stuck paying monthly dues to the HOA. While there is no water, sewer, or trash usage during that time the HOA bill continues, along with taxes and insurance.  If at some point the HOA slaps a lien on the property there is an amount to be paid that nobody knows about. Or, the lien was satisfied but the HOA never released it.  Possibly the deceased wasn’t aware of it, but it’s there and it has to be paid before the place can be sold.  Or an assessment pops up and heirs are on the hook to pay that, too.  Suddenly, this inherited real estate becomes a pain in the neck and/or a financial burden to someone who can’t afford the extra expense or deal with all the added stress.
 
We learned in Neighbors At War that mortgage-free HOA properties also become targets for non-judicial foreclosure.  Since corruption never misses an opportunity the dead are not exempt from HOA abuse either.
 
During a recent conversation with an HOA property owner I learned something that I expected was coming.  This individual wanted a reverse mortgage only to learn that isn’t possible because the HOA is not FHA approved.  The advice given was to take out the maximum amount in a mortgage, enjoy life with the money, and when the money runs out or the final breath is taken, the kids can let the property go back to the mortgage company and walk away.  If the HOA opts to foreclose, so be it. (Who needs a good credit rating to get into the cemetery?)
 
Bottom line is: hundreds of thousands of dollars tied up in a covenant controlled and often times corrupt HOA is not a way to leave your heirs feeling loved.  It could bring them a financial burden that could drastically change their lives and leave them feeling angry with you for leaving them in such a financial mess.
 
No one lives without dying.  Careful thought should be given to how we wish to be remembered.  Hopefully it won’t be that generations to come are left sitting around holiday decorated dining room tables discussing Mom and Dad or Aunt Matilda’s HOA nightmare that was “supposed” to be an inheritance!

Another Day, Another Stolen HOA Dollar

The unfortunate folks in this neighborhood are only missing $20,000. That’s peanuts compared to the millions and millions of dollars lost in other crooked HOAs. But when you buy into a glorified ‘investment club’ (which is technically all a Homeowners Association really is) you shouldn’t complain when you get ripped off.

Still, for the record, here’s a link to another story on homeowners who feel they’ve been cheated.

(20,000 bucks missing!)

 

 

 

Another Black Eye For Colorado

Colorado’s got another embarassment to swallow. Christa Ann McClure is the current director of Colorado’s Health Exchange. She’s the Colorado face of the new national health care changes.

But she was indicted (and pleaded not guilty) to charges of theft and fraud from a nonprofit housing agency she previously worked for in Montana.

What is it about being in charge of housing projects or community organizations that makes people think their hands belong in any cookie jars that are within reach.

It’s a puzzle.

(link to Denver Post story on McClure’s indictment)