Category Archives: Personal Finance: Out-of-control Assessments

HOA Issue #1: Anyone can sue an HOA, and it can cost homeowners millions

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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→

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Homeowners fight over money: $6K HOA special assessment

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By Deborah Goonan, Independent American Communities Here we go again, with yet another HOA fight over money . The HOA board for Lincolnshire, a subdivision in Mission, Kansas, recently proposed a $6,000 special assessment to repair roofs, gutters, and chimney caps on its 33 townhouses. But under protest of homeowners, that proposal was rejected by the board last Thursday. According to the details, published in the Kansas City Star, homeowners disapprove of current board president Ellen Hoerle, Continue ReadingHomeowners fight over money: $6K HOA special assessment→

UPDATE: NJ Condo owners facing $3M assessment elect new board

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8017 8018 Brittany Chase condos Wayne NJ

By Deborah Goonan, Independent American Communities Updated Dec. 12, 2018 According to recent reports from the North Jersey Record, Brittany Chase Condominium owners elected two new board members, and scored a victory for transparency. Gerard O’Neill and Francine Ritter replaced incumbents Jack Boydell and Linda DiMezza. Boydell and DiMezza were the board members behind a controversial $3 million special assessment to repair defects and stabilize soil beneath and behind 2 condominium townhouses in the Wayne, Continue ReadingUPDATE: NJ Condo owners facing $3M assessment elect new board→

Owners with no HOA, public sewer, face $11,404 tax assessment

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Sanitary sewer Sewage cap

By Deborah Goonan, Independent American Communities Owners of twenty estate homes in the Greenbrook Manor subdivision, located in the Village of River Hills, recently learned they might have to pay a $11,404 special tax assessment to the city, to pay for a new sewer lift pump. No, Greenbrook Manor is not a planned community, and there’s no homeowners’ association (HOA). Although homeowners obtain their water supply from private wells, the Village of River Hills operates Continue ReadingOwners with no HOA, public sewer, face $11,404 tax assessment→