HOA, condo & co-op Golf community updates (Aug. 2018)

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by Deborah Goonan, Indepedent American Communities This month, we start with Crickentree, in Blythewood, South Carolina. There, a golf course is going into bankruptcy. The investment firm that holds the loan proposes redeveloping the failed golf course as a new subdivision with 450 homes.  Homeowners surrounding the golf course are not happy. They say that dense residential development will cause the value of their homes to drop.  Some homeowners think the HOA should purchase the Continue ReadingHOA, condo & co-op Golf community updates (Aug. 2018)

Storm water management a costly headache for HOAs, homeowners

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Homeowners at mercy of developers, local government, & regulatory agencies   By Deborah Goonan, Independent American Communities   As you read these stories, consider this. Every one of these association-governed common interest communities was approved by city or county elected officials, despite their proximity to watershed areas, and with full knowledge of possible adverse site conditions.  If steps were taken at the time of construction to improve soil stability, water quality, or longevity of the Continue ReadingStorm water management a costly headache for HOAs, homeowners

How government uses HOAs and special districts to create stealth tax

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How many layers of government do we really need? By Deborah Goonan, Independent American Communities   Have you ever stopped to think about all the costs associated with owning a home? Property taxes. Homeowners, condominium, or cooperative association maintenance fees and assessments. Insurance. Short and long term maintenance. Homeowners and home buyers may not fully understand that living in a planned common interest community comes with several additional layers of financial obligation. Today’s article illustrates Continue ReadingHow government uses HOAs and special districts to create stealth tax

How to create a Phantom HOA

By Deborah Goonan, Independent American Communities Lately I have been reading reports about, and hearing from homeowners, that they purchased their property thinking there was no homeowners association (HOA), only to have the HOA imposed upon them several years later. Normally, HOAs must be created at the time the subdivision is approved by the local government, before the builder breaks ground for construction. And normally, if, for some reason, a group of owners or a Continue ReadingHow to create a Phantom HOA