HOA C.U.R.S.E. #6: Association not required to disclose construction defects

By Deborah Goonan, Independent American Communities HOA *C.U.R.S.E. – Consumer Unfriendly Regulatory Statute Example If you’re a home buyer, you should be familiar with what is called a “Seller’s Disclosure.” That’s a state-mandated questionnaire completed by the home seller, for the purposes of obtaining a standardized written disclosure of defects and issues involving the home that would affect its value or the ability to close sale with a clean title. State real estate sale disclosure requirements Continue ReadingHOA C.U.R.S.E. #6: Association not required to disclose construction defects

HOA C.U.R.S.E. No. 5: The unfunded budget

By Deborah Goonan, Independent American Communities *C.U.R.S.E. – Consumer Unfriendly Regulatory Statute Example A few weeks ago I wrote an article about Sudden Valley homeowners association in Bellingham, WA. Like many aging HOAs and struggling golf communities in the US, Sudden Valley is showing visible signs of deferred maintenance, reportedly due to many years of underfunding its reserve account. For the past several years, and, more recently, earlier this month, the HOA, working with manager Continue ReadingHOA C.U.R.S.E. No. 5: The unfunded budget

HOA C.U.R.S.E. #4: FL Condo Law’s Loopholes

By Deborah Goonan, Independent American Communities HOA C.U.R.S.E. = Consumer Unfriendly Regulatory Statute Example I have written about Condo Terminations in Florida and other states before, but today I want to highlight the portions of Florida statute that allow wealthy real estate investment firms and developers to takeover condominium associations and force remaining owners to sell, against their will, often at a substantial loss. Since 2007, through a process called termination, thousands of Florida condo Continue ReadingHOA C.U.R.S.E. #4: FL Condo Law’s Loopholes

HOA C.U.R.S.E. No. 3: No definition for “financial records”

By Deborah Goonan, Independent American Communities Blog This HOA Consumer Unfriendly Regulatory Statute Example (C.U.R.S.E.) comes from North Carolina. Jim Lane,   a reader and NC advocate for HOA owners, writes: In order to judge the Financial Health of any business ( incorporated, as most HOAs are, or not ), a true picture of that business is impossible to asses without the following: Last Three Full Years plus current YTD of: 1. MONTHLY Income & Continue ReadingHOA C.U.R.S.E. No. 3: No definition for “financial records”