CT ‘captive’ insurance assistance for HOA, condo homeowners with crumbling foundations

Cracked concrete foundation

By Deborah Goonan, Independent American Communities   For several years, IAC has been following the epidemic of crumbling concrete foundations in Connecticut. Many of the homes are part of a PUD (planned unit development with an HOA) or condominium, where two or more units share the same foundation. The cost to replace failing concrete foundations is massive — often as much or more than the home is worth. State legislators continue to find solutions for Continue ReadingCT ‘captive’ insurance assistance for HOA, condo homeowners with crumbling foundations

MD HOA legislation would change homeowner property rights (March 2019)

By Deborah Goonan, Independent American Communities Highlights of important bills (2019 session) affecting the rights of owners of property in homeowners and condominium associations in Maryland. Strengthening the right of condominium council of unit owners to sue developer Cross-filed bills would void certain language inserted in Declarations and Bylaws by developers, which have the effect of preventing lawsuits against the developer for breach of implied warranties. The bill applies to condominium associations only. In Maryland, Continue ReadingMD HOA legislation would change homeowner property rights (March 2019)

HOA Realities — living next to a retention pond or wetland

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? Today’s post is a Buyer Beware message. Unless you’re viewing a home near a recreational lake — a real lake used for boating, fishing, swimming and other water sports — that ornamental “lake” is nothing more than a retention pond. Its primary purpose is to collect stormwater runoff for environmental Continue ReadingHOA Realities — living next to a retention pond or wetland

Kansas City: owners of ‘luxury’ condos frustrated by fire code violations, broken promises

Fire sprinkler industrial parts

  By Deborah Goonan, Independent American Communities Kansas City condo owners say that the developer of Park Reserve left them with fire code violations, broken promises, unpaid fees, and a building that’s falling apart. Last month, Kansas City Fire Department (KCFD) inspectors discovered problems with the fire protection system — low water pressure in their fire sprinklers and non-working alarms. For the past month, owners have been waiting for developer, Wayne Reeder, to make repairs. Continue ReadingKansas City: owners of ‘luxury’ condos frustrated by fire code violations, broken promises