By Deborah Goonan, Independent American Communities Highlights of new and pending state legislation as of Feb. 2019. State laws featured from: CO, FL, HI, and NH. Colorado New real estate sales forms reflect stricter disclosure requirements Colorado Real Estate Commission approved a new Contract to Buy and Sell Real Estate (Residential) effective January 1, 2019 (“Buy Sell Contract”) to comply with tighter home buyer disclosure requirements of the Colorado Common Interest Ownership Act. State law Continue ReadingHOA, condo & co-op Legislation Highlights (Feb. 2019 – Part 1)
By Deborah Goonan, Independent American Communities Do you live in common interest communities where you are required to pay assessments to more than one HOA — a Sub-association and a Master Association? Then you may be curious about the purpose of a Master Association. Think of a Master Association as an “umbrella” association that manages common areas shared by members of several different phases or sections of a large planned community, each governed by separate Sub-associations. Continue ReadingWhat is an HOA “Master Association?”
By Deborah Goonan, Independent American Communities Most residents of common interest developments and community associations expect their HOAs to faithfully provide important services they were promised when they moved into their home. But I’ve lost count of the number of homeowners and residents that reach out to me in frustration. They often tell me that their homeowners, condo, or co-op association is not keeping up with routine maintenance, and, even worse, their association is not Continue ReadingYou pay your condo HOA fees. Shouldn’t your home be safe?
By Deborah Goonan, Independent American Communities Long list of HOA theft and embezzlement in this month’s roundup, as well as attorney misconduct. The industry can no longer claim “isolated incidents.” Former manager accused of taking more than $100,000 from Lincoln Village area HOA By Wes Bowers Record Staff Writer Posted Jan 25, 2019 at 5:18 PM Updated Jan 25, 2019 at 5:18 PM STOCKTON — The former manager of a Lincoln Village area homeowners association Continue ReadingHOA, condo & co-op corruption and fraud roundup (Jan 2019)