The slow, painful death of a FL condo association

By Deborah Goonan, Independent American Communities Tymber Skan on the Lake Condominiums consists of dozens of townhouse structures constructed in the 1970s, organized into several different condo associations. The housing complex has been distressed for more than a decade. The HOAs have long been inactive, so there’s no money for even basic maintenance services. For a while, investors moved in, claiming a desire to clean up the squalor and make repairs. However, with so many Continue ReadingThe slow, painful death of a FL condo association

In New York, Condos are ‘Zombies,’ too

By Deborah Goonan, Independent American Communities Overall, the number of abandoned homes in foreclosure is declining. However, there are still real estate markets that have been slow to recover, and where “zombie” foreclosures remain a big problem. It varies by real estate market.   Vacant “Zombie” Foreclosures Decrease 30 Percent in Second Quarter 2016 Compared to a Year Ago May 17, 2016 A few facts from the article: Markets with the most zombie foreclosures States with Continue ReadingIn New York, Condos are ‘Zombies,’ too

Ohio HOA forcing owners to pay up despite filthy pool, peeling paint

By Deborah Goonan, Independent American Communities Chances are, if you actually choose to live in an HOA, you do so expecting a clean, safe neighborhood. And maybe you envision yourself lounging by the community pool after a round of tennis. After all, the political spin from the Association Governed housing industry is that HOAs enhance and protect property values, keep the community looking good, and provide affordable access to amenities most homeowners could otherwise not Continue ReadingOhio HOA forcing owners to pay up despite filthy pool, peeling paint

Utah, Texas homeowners want out of HOA

By Deborah Goonan, Independent American Communities More and more homeowners are fed up, and want to escape or abolish their HOAs. Here are two reports of detached single family home developments with mandatory Association Governance, one in Utah, the other in Texas. Dammeron Valley, Utah Dammeron Valley Landowners Association (DVLA) has about 429 home, each on 0.5 – 5 acres, depending on the subdivision. The Meadows and Ranches subdivisions are where the first 71 lots Continue ReadingUtah, Texas homeowners want out of HOA