Condo owners, tenants deal with safety hazards

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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

The trouble with HOAs – 5 risks for homeowners

It’s not just about the rules By Deborah Goonan, Independent American Communities Most HOA discussions focus on rules. Are the rules reasonable? How are they enforced? Does the HOA board abuse its power? However, HOA problems are not limited to disputes about rules and restrictions. HOA Problems are often tied directly to shared ownership of infrastructure and amenities or the developer’s role in construction and management of the community. Today’s post provides five examples of Continue ReadingThe trouble with HOAs – 5 risks for homeowners

HOA, condo, co-op Corruption, fraud, theft roundup (June 2017)

As summer heats up, so do nationwide investigations of financial crimes involving homeowners and condominium associations across the U.S.   By Deborah Goonan, Independent American Communities   Former HOA treasurer facing 8 counts of felony embezzlement (OK) POSTED 1:16 PM, MAY 31, 2017, BY SARAH STEWART, UPDATED AT 05:16PM, MAY 31, 2017 KFOR Newschannel 4 Former HOA treasurer charged with 8 counts of felony embezzlement OKLAHOMA CITY – As summer break begins at the Summit Continue ReadingHOA, condo, co-op Corruption, fraud, theft roundup (June 2017)