By Deborah Goonan, Independent American Communities A collection of interesting and important case law from around the U.S. New rulings affecting HOA Collections, foreclosure liens, and rules enforcement in several states across the U.S. MARYLAND’S HIGHEST COURT HOLDS THAT CONDOS MAY NOT BY RULE SUSPEND A UNIT OWNER’S ACCESS TO COMMON ELEMENTS FOR DELINQUENT ASSESSMENTS Posts by Raymond D. Burke, June 27, 2017 The Maryland Court of Appeals has invalidated a rule adopted by a condominium Continue ReadingHOA, condo, co-op litigation and case law highlights (May 2018)
By Deborah Goonan, Independent American Communities Collection of past due assessments or monetary penalties (fines) imposed by homeowners,’ condominium, or cooperative associations is way out of control. This is a common complaint I hear from owners of property in association-governed communities all over the U.S. A single missed or late payment of assessments, or the refusal to promptly pay a disputed fine, quickly balloons from a debt of a few hundred dollars to thousands Continue ReadingWA homeowner wonders: How does a single $300 late payment turn into $8,000 in HOA late fees and attorney fees?
By Deborah Goonan, Independent American Communities Today’s blog is an update on LM Funding, the controversial company that has been the subject of two class action lawsuits. While the Tampa Bay Times recently reported that LM Funding has been able to stave off one class action lawsuit, the company still faces a second class action lawsuit by condo associations, claiming deceptive trade practices and charging illegally high interest rates. Ironically, on its website, LM Funding claims it Continue ReadingCondo owner shares her LM Funding HOA horror story
Attorney Ryan Torrens says it’s time for legislative change By Deborah Goonan, Independent American Communities Readers of IAC blog know I have been following this outrageous HOA foreclosure horror story since the first report. Back in February, a Judge upheld Rivercrest Community Association’s foreclosure of a home owned by Tina and Luis Lopez, all over a single missed assessment payment of $150. The Association had waited for 4 years to notify the Lopez’s of Continue ReadingFlorida AG candidate instrumental in HOA settlement with family over $150 foreclosure