Egads! I’ve never met Sara Benson, never even talked to her on the phone, but I’d have an affair with her in an instant, if she’d agree! (Yep, I’m not very classy, but I’m sincere!)
This incredible Illinois Realtor has discovered that up to 80% of Illinois Homeowners Associations are unknown and untracked by the state! The implications are massive. It means that huge numbers of Americans have signed away their access to rights conferred by the U.S. Constitution by buying homes in private corporations where they’re lying naked in front of all their fellow homeowners. They think they’ve bought private homes, but what they’ve actually bought is shares in unregulated corporations in which they can be taxed, liened, sued and bankrupted with their life savings going into a common pot owned by all their fellow neighbors.
That’s Pennsylvania Dutch, and you can look it up if you’re interested.
But it basically means that a homeowner’s savings are all gone. And that’s exactly what’s happening as FEMA redraws its maps for flood zones. A couple of years ago 20,000 homes were damaged or destroyed in a devastating flood in Boulder, Colorado. I remember it well because a close friend and I spent 12 hours trying to find a way out of the flooded streets, the collapsing pavement and entire homes drifting down the middle of major boulevards. We survived, but we had to endure waves of water crashing over my 2001 Blazer. I can personally testify that Chevy Blazers actually float…at least for a little while.
guest blog by Jill Schweitzer
I’m a painter, and painting a picture: Imagine living in a neighborhood where you can’t have a bench to sit on in your front yard. Imagine a Board member tries getting the board to fix a drainage issue multiple times, the Board and HOA property manager do nothing, and the condo eventually floods. Imagine having a leak for 11 months in your dining room, HOA still has not fixed it. Imagine an HOA trying to get the Board to agree to sign a Code of Conduct giving all control to the President and property manager, the rest of the Board does nothing in between meetings. Imagine a property manager that is so bad that 12% of the owners sell and move out in approximately six months, and note that the management company makes $4800 in transfer/disclosure fees as their reward for poor management?
guest blog by Deborah Goonan
In the Los Angeles Bunker Hill community, condo owners and traditional apartment dwellers have been locked in a 3-year long legal battle over their once-shared pool and barbecue area, with no end in sight.
The two articles referenced below explain some of the details of how the dispute began, but, in short, there has been a disagreement over cost-sharing of recent improvements made to the pool area. A few years ago, the Bunker Hill Tower condo association dictated expensive changes, apparently without agreement from the apartment owner, Essex Property Trust. Essex objected, refusing to pay for the renovations. The owner of the 2 apartment buildings has been paying two-thirds of maintenance costs since the 1980s, following the condo conversion of one of the three original buildings.
This is a preview of
Condo Owners vs. Rent-Controlled Apartment Dwellers
. Read the full post (439 words, estimated 1:45 mins reading time)