HOA, condo & co-op legislation report (Feb 2019-Part 2)

Rules restrictions hand written

Arizona Highlights of new and pending state legislation as of Feb. 2019, featuring Arizona, California, Idaho, and South Carolina. HOA would get paid last with new priority of payment proposal SB 1531 is a bill proposed by Arizona HOA trade group attorneys, sponsored by Senator David Farnsworth. It would change the priority of payment terms for both condominium and planned communities, to the advantage of HOA management companies, attorneys, and collection firms. Currently, Arizona statute Continue ReadingHOA, condo & co-op legislation report (Feb 2019-Part 2)

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HOA, condo & co-op Legislation Highlights (Feb. 2019 – Part 1)

Gavel and legal books lawsuit court

By Deborah Goonan, Independent American Communities Highlights of new and pending state legislation as of Feb. 2019. State laws featured from: CO, FL, HI, and NH. Colorado New real estate sales forms reflect stricter disclosure requirements Colorado Real Estate Commission approved a new Contract to Buy and Sell Real Estate (Residential) effective January 1, 2019 (“Buy Sell Contract”) to comply with tighter home buyer disclosure requirements of the Colorado Common Interest Ownership Act. State law Continue ReadingHOA, condo & co-op Legislation Highlights (Feb. 2019 – Part 1)

Battle HOA for super priority lien supremacy continues

scales-of-justice-court-legal

By Deborah Goonan, Independent American Communities Updates on the status of the HOA super priority lien. In a post entitled Is the HOA Priority Lien necessary and beneficial? (June 9, 2016), I made the case against the HOA super priority lien as a tool for associations and real estate investors to extinguish or “wipe out” bank liens for first mortgages. Based upon documented facts provided in the article, I concluded that Community Association Institute’s (CAI) argument Continue ReadingBattle HOA for super priority lien supremacy continues

NH real estate developers favor new Housing Appeals Board

By Deborah Goonan, Independent American Communities Across the U.S., an “affordable” housing policy war brews between suburban homeowners and promoters of New Urbanism.” For readers who aren’t familiar with the terminology, the international organization, Congress for the New Urbanism, defines the concept as follows: New Urbanism is a planning and development approach based on the principles of how cities and towns had been built for the last several centuries: walkable blocks and streets, housing and Continue ReadingNH real estate developers favor new Housing Appeals Board