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

2 HOAs deal with Canyon Country landslides (CA)

Site of Canyon country landslide California

By Deborah Goonan, Independent American Communities 5 homes now yellow-tagged due to landslide About two weeks ago, several Santa Clarita homeowners noticed their back yards began to break apart and slide downhill. Two homes on Terri Drive in American Beauty Classics were yellow-tagged, and several other homeowners in The Trestles were notified of the problem. Then more rain poured into Canyon Country, making the landslide bigger and more dangerous. Three homes in The Trestles — Continue Reading2 HOAs deal with Canyon Country landslides (CA)

Development agreement creates extra expense for HOA, future homeowners

Hand shake development agreement contract

By Deborah Goonan, Independent American Communities Today’s featured article highlights problems that occur when local governments engage in poorly thought out contracts with real estate developers, commonly known as developement agreements. Homeowners in McCormick Creek recently learned that they could be legally obligated — via their homeowners’ association — to pay for maintenance of a new public parking lot, even though residents of the community won’t benefit from the added parking. According to the News Continue ReadingDevelopment agreement creates extra expense for HOA, future homeowners

Homeowners of Lamplight Village fear fallout from $20M verdict

By Deborah Goonan, Independent American Communities   In a follow up report on Lamplight Village, KTNV’s Darcy Spears interviews an attorney representing homeowners who were blindsided by the February verdict of $20 million against their HOA. You read that right. Homeowners say they were completely unaware of the lawsuit until they began reading about it on social media.   Homeowners under cloud of $20M swing set verdict demand answers from HOA (KTNV) Darcy Spears 10:45 PM, Continue ReadingHomeowners of Lamplight Village fear fallout from $20M verdict