By Deborah Goonan, Independent American Communities A few weeks ago, in Part 1 of the February legislative updates, I told you about a controversial foreclosure bill sponsored by Arizona Senator David Farnsworth. As currently drafted, homeowner rights advocates agree: homeowners with past due HOA assessments, on payment plans the HOA, would end up paying collection attorneys fees first, ahead of their HOAs. SB 1531, was originally proposed by AACM, Arizona Association of Community Managers. It Continue ReadingWill AZ Senate amend HOA foreclosure bill as promised?
By Deborah Goonan, Independent American Communities UPDATE: It appears that a public awareness campaign and significant media coverage has prompted Arizona Senator John Kavanagh to withdraw SB1080, the bill that would have made it even easier for an HOA to foreclose. If you missed the orginal post explaining SB1080, it’s reposted below. State senator withdraws HOA bill that speeds up foreclosure process Posted: Jan 17, 2018 5:02 PM EST Updated: Jan 17, 2018 5:02 Continue ReadingAZ Legislator withdraws HOA foreclosure bill
Updated Jan. 14, 2018 By Deborah Goonan, Independent American Communities The subject of foreclosure by association-governed communities is getting substantial attention in the past year or two, and that’s a good thing. Investigative reports, such as the following article published by The Arizona Republic at azcetnral.com, serve to increase public awareness of risks for homeowners, as well as the high potential for HOA abuse of its statutory powers. According to The Republic, Arizona HOA foreclosures Continue ReadingSpike in HOA foreclosures – implications for legislative change
By Deborah Goonan, Independent American Communities Catherine Reagor and Jessica Boehm of The Arizona Republic have been shedding light on the controversial power of HOA foreclosure. (If you missed it, you can find IAC analysis of the issue here.) To be fair, HOA industry watch dogs, community advocates, and homeowner rights activists have been on top of this issue for well over a decade, and, finally, the issue is moving beyond independent media to regional Continue ReadingHOA trade group fails to acknowledge its role in foreclosure abuse