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

Arkansas – defunct HOA will lose lake if dam not fixed

lake dam country hills mountains

By Deborah Goonan, Independent American Communities Lake Sandy Acres, Arkansas, homeowners with an inactive HOA recently learned they could lose their lake, because the old earthen dam that holds back the water could fail at any time. The dam has sprung a leak, and it’s in shabby condition. So add Arkansas to the growing list of states with unregulated or loosely regulated dams that are supposed to be maintained by homeowners associations (HOAs). Homeowners have Continue ReadingArkansas – defunct HOA will lose lake if dam not fixed