By Deborah Goonan, Independent American Communities A few weeks ago, in Part 1 of the February legislative updates, I told you about a controversial foreclosure bill sponsored by Arizona Senator David Farnsworth. As currently drafted, homeowner rights advocates agree: homeowners with past due HOA assessments, on payment plans the HOA, would end up paying collection attorneys fees first, ahead of their HOAs. SB 1531, was originally proposed by AACM, Arizona Association of Community Managers. It Continue ReadingWill AZ Senate amend HOA foreclosure bill as promised?
By Deborah Goonan, Independent American Communities This month’s roundup: light sentences and no jail for convicted HOA embezzlers; an affordable housing developer disappears with deposit money; and unqualified owners of affordable housing forced to sell the home. No jail for man who stole $352K from Galloway homeowners group (NJ) February 25, 2019 11:41 am Lynda Cohen A man who stole more than $352,000 from a Galloway Township homeowners association was sentenced to 90 days on Continue ReadingHOA, condo & co-op corruption and fraud roundup (Feb. 2019)
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)
By Deborah Goonan, Independent American Communities What can homeowners do about short-term rental homes causing nuisances in their neighborhoods? In Arizona, not much. Short-term rentals are a hot trend in Arizona and across the U.S. Believe it or not, taking on lodgers for vacation rentals or special events is no longer limited to condominiums. Owners of single family homes have discovered a healthy market for families and larger groups of people willing to pay Continue ReadingArizona’s disastrous attempt at regulation of short-term rentals