Some IAC readers are HOA board members with the best of intentions for their communities. But they lack impartial guidance and support following a crisis. By Deborah Goonan, Independent American Communities I know some IAC readers are current or former members of their homeowners, condo, or co-op association boards. And many of them have the best of intentions for their communities. I also know that, aside from internal political battles to oust incompetent or unethical Continue ReadingCondo, HOA boards stuck with big problems, no help
By Deborah Goonan, Independent American Communities IAC is reading an increasing number of reports about attorneys willing to sue your HOA. Sure, industry trade groups will attempt to convince Americans that residents are satisfied with life in a common interest community association. But, there’s no doubt about it: homeowners, condominium, and co-op associations are highly litigious environments. That’s why the industry sells insurance to HOAs! Your association’s insurance policies, paid for by property owner assessments, generally Continue ReadingMore and more attorneys willing to sue the HOA
By Deborah Goonan, Independent American Communities Homebuyers often assume that a new neighborhood development will be free from defects such as infrastructure failure. Consumers often pay a premium price for the advantages of new construction: an attractive community with smooth roads, and good drainage to prevent flooding & erosion. They expect their new or nearly new home to be built upon a solid foundation. Many hold onto the naive belief that local government would never Continue ReadingWho’s responsible for infrastructure failure in these HOAs?
Homeowners left with flooded back yards, after developer fails to build retaining wall to divert stormwater By Deborah Goonan, Independent American Communities Imagine purchasing a brand new home, but, shortly after you move in, the developer declares bankruptcy and walks away before completing your community’s infrastructure. It happened to homeowners of a Monument, Colorado subdivision. Terry Cummings, HOA Treasurer, and Connie Kreft, both members of Meadows as Monument Lake Homeowners Association, explain how homeowners are Continue ReadingColorado homeowners, HOA going after bankrupt developer