By Deborah Goonan, Independent American Communities Every month I read several reports about fires in condominiums. Unfortunately, they are fairly common. Damage from a fire can range from mildly disruptive to devastating, and some fires lead to serious injuries or fatalities. After the immediate crisis subsides, however, the process of repairing and rebuilding a multifamily condominium building tends to be long and drawn out. If owners are lucky, they will be able to return Continue ReadingWhy aren’t Austin condos rebuilt yet, 2 years after fire?
By Deborah Goonan, Independent American Communities A few days ago, I warned condo buyers about the risk of being forced to sell their home, even though they’d lose money on the deal. Today I warn condo owners and buyers of another fairly common risk: being displaced from your condo after a fire, but still being obligated to pay your mortgage and condo fees while waiting for your home to be rebuilt. Dry Creek West Condominiums, Continue ReadingA year after fire, Austin condo owners still can’t go home
By Deborah Goonan, Independent American Communities What if several homes in your Association-Governed townhouse community were destroyed by an accidental explosion or fire? Who would pay for the damages? How long would it take to rebuild? And most importantly, would your home be made good as new again? Two years ago in South Fork HOA of Ewing, New Jersey, dozens of homes were damaged by a fatal gas explosion. One woman died from her injuries, Continue ReadingDisappointing HOA rebuild following gas explosion (NJ)
By Deborah Goonan, Independent American Communities Today’s blog serves as a reminder that plenty of tenants suffer as a result of dysfunctional homeowners and condo associations,too. This growing consumer protection movement is not strictly limited to homeowners. The truth is, one of the biggest issues of contention – particularly in condo associations – is that the percentage of residents who are tenants is rising, while the percentage of owner-occupancy is declining. There are a few Continue ReadingTenant gets no help with moldy condo