Recipe for HOA abuse: too much power, no accountability

By Deborah Goonan, Independent American Communities Reports of fed up, frustrated, and fearful owners of property in association-governed communities continue to pop up all across the U.S. Rebecca Lindstrom of 11 Alive interviews several homeowners of Greythorne, a Douglas County homeowners association, and their stories and complaints repeat a familiar pattern.   How far is too far: Do homeowner associations have too much power? Rebecca Lindstrom, WXIA 10:43 PM. EDT March 27, 2017 DOUGLAS CO., Continue ReadingRecipe for HOA abuse: too much power, no accountability

HOA trade group embraces debt collection, credit reporting

By Deborah Goonan, Independent American Communities By now most readers probably know that homeowners, condominium, and cooperative associations can opt to work with Sperlonga Data to report delinquent assessment payers to Equifax. (In case you missed it, I covered that bit of news here.) Now, I can understand why it’s important for each member of an Association-Governed Housing Community to pay assessments in full and on time. Assessment funds are used to maintain the commonly-owned Continue ReadingHOA trade group embraces debt collection, credit reporting

Should HOA Assessment payments impact credit score?

By Deborah Goonan, Independent American Communities This week, Sperlonga – a data analytics firm – announced its intention to team up with Equifax on tracking payments of assessments to Association-Governed Developments such as homeowners, condominium, and cooperative associations. You can read some recent news releases here: Your HOA Payments May Now Affect Your Credit Score Sperlonga, Equifax to record HOA payments for credit scores Brief explanation: “Property owners that pay HOA fees on time should begin to Continue ReadingShould HOA Assessment payments impact credit score?