What a different a year makes. As the U.S. begins to return to “normal,” the housing market is in a state of turmoil. Millions of folks want to buy a home, and competition is fierce in some markets. IAC takes a look at some current trends, and the changes occurring in the market for HOA-governed housing.
This week, Shu Bartholomew and I discussed several nationwide legislative trends affecting HOA-governed communities. Some of the proposed bills offer promising protections for homeowner rights.
Summary of notable 2021 legislation affecting housing consumers and property owners of HOA-governed housing. Includes references to legislative websites to track progress of bills under consideration.
Sometimes a homeowner in a bind misses a payment or sends it a few days late. Then the HOA attorney, backed up by the HOA board, hastily files a lien on the home and penalizes the owner with fees that quickly spiral out of control.