Your HOA can foreclose on your home

By Deborah Goonan, Independent American Communities Did you know that your homeowners’ or condominium association can foreclose on your home for non-payment of assessments? Apparently, many homeowners are completely unaware of this fact. When you purchase a home in an Association-Governed Community, you effectively agree to mandatory membership and your obligation to pay your assessments (“dues”) in full and on time. If you fall behind on those payments, your HOA can place a lien on Continue ReadingYour HOA can foreclose on your home

2015 Year End Review: Top 10 IAC Blogs

By Deborah Goonan, Independent American Communities Happy New Year to all my readers! 2015 has been an eventful year for Association Governed Residential Communities. Both mainstream and alternative media are now reporting all sorts of HOA, condo and cooperative association issues. And they are not just focusing on crazy rules. We are starting to see more coverage of theft and embezzlement, construction defect disputes, problems resulting for poor maintenance and failure to set aside money Continue Reading2015 Year End Review: Top 10 IAC Blogs

Poinciana’s debt sold to investment firm that purchases HOA foreclosures

Shared By Deborah Goonan, Independent American Communities   Poinciana, FL HOA is in the news again. The report that follows serves as proof that even when HOA assessments are relatively small, conflict and potential for corruption and abuse are still significant. Fall behind on your assessments, and you can still find yourself exploited by exorbitant collection fees and the threat of losing your home over what was initially a few hundred dollars. Read about why Continue ReadingPoinciana’s debt sold to investment firm that purchases HOA foreclosures

HOA board fed up with aggressive management company

Shared by Deborah Goonan, Independent American Communities Thanks to Ward Lucas, Neighbors at War, for making me aware of this story out of Nevada. It illustrates why we need consumer protection against over-zealous community management companies. Note that First Service Residential is a BIG company that offers a full array of related services, including their very own collections firm, Red Rock Financial Services. Conflict of interest? You decide. Las Vegas Horror Show Las Vegas HOA Continue ReadingHOA board fed up with aggressive management company