By Deborah Goonan, Independent American Communities Most residents of common interest developments and community associations expect their HOAs to faithfully provide important services they were promised when they moved into their home. But I’ve lost count of the number of homeowners and residents that reach out to me in frustration. They often tell me that their homeowners, condo, or co-op association is not keeping up with routine maintenance, and, even worse, their association is not Continue ReadingYou pay your condo HOA fees. Shouldn’t your home be safe?
By Deborah Goonan, Independent American Communities Buyers and investors purchase condos, expecting that the association will maintain a safe and attractive property. Unfortunately, many condo owners find that their HOA doesn’t live up to their expectations. Even worse, some condo HOAs put off major repairs and avoids renovations. In other cases, deferred maintenance or shoddy renovations result in safety hazards. Check out this roundup of condominiums that aren’t aging well. Balconies could collapse Continue ReadingCondo owners, tenants deal with safety hazards
Jury ruled Lamplight Village at Centennial Springs HOA should pay $20 million to Plaintiff in personal injury lawsuit involving playground equipment By Deborah Goonan, Independent American Communities Many housing consumers don’t understand the hidden risks of buying into a mandatory membership homeowners,’ property owners,’ condominium, or cooperative association. One substantial risk is that owners and shareholders assume financial liability for legal expenses of their association, whether the HOA sues or finds itself as a Continue ReadingHOA Issue #1: Anyone can sue an HOA, and it can cost homeowners millions
By Deborah Goonan, Independent American Communities Have you ever seen a real estate ad for a home boasting its “water view” or a “lake” view? Have you ever seen a real estate ad for a home boasting its “water view” or a “lake” view? Here’s a Buyer Beware message for retention ponds, wetlands. Unless you’re viewing a home near a recreational lake — a real lake used for boating, fishing, swimming and other water Continue ReadingHOA Issue #2: HOA Realities — living next to a retention pond or wetland