Insurer denies coverage to Chicago condo association, owners to pay $500K in legal expenses

By Deborah Goonan, Independent American Communities It has been a while since my last article on the long-running legal battle between State Parkway Condominium Association and condo owner Michael J. Novak. Well, the legal battle rages on, as reported in Loop North News. (See below) Novak, a Certified Public Accountant, continues his fight for access to … More Insurer denies coverage to Chicago condo association, owners to pay $500K in legal expenses

WA state HOA decides if rebuilding is worth the cost

By Deborah Goonan, Independent American Communities   Homeowners in Sudden Valley, a large-scale association-governed community in Bellingham, Washington, have been fighting for several years about whether or not to preserve HOA property. In fact, an article was previously published on IAC in 2015 , discussing the HOA’s difficulty in getting a new budget approved, and … More WA state HOA decides if rebuilding is worth the cost

Ormond Heritage condo owners facing moldy nightmare

By Deborah Goonan, Independent American Communities   For many home buyers looking for a place to vacation or retire, Florida is at the top of the list. Condominiums are popular because buyers are sold on the notion of a carefree lifestyle, often with resort amenities. Waterfront condos are attractive to affluent buyers looking for great … More Ormond Heritage condo owners facing moldy nightmare

Attorneys for mortgage lenders explain how HOAs exploit the system

By Deborah Goonan, Independent American Communities Homeowners of property in association-governed communities should read the following article, and others like it, even though the intended audience is mortgage lenders. Why? Because savvy consumers should understand the Big Picture, and how all parties in a dispute over your property are affected. The following article covers the … More Attorneys for mortgage lenders explain how HOAs exploit the system

More evidence that affordable condo associations are struggling

By Deborah Goonan, Independent American Communities The other day I posted a blog entitled Fox Hollow (Memphis) and Tymber Skan condos – affordable housing failures, and shared it across several social media platforms. In one particular discussion forum, I have been challenged on my analysis of the insurmountable challenges faced by many affordable condominium communities. Today … More More evidence that affordable condo associations are struggling

After nearly three years of legal battles, Florida condo owners find replacing their board a daunting task

By Deborah Goonan, Independent American Communities Whenever I read talking points from an industry trade group, Community Associations Institute (CAI), claiming that Association Governed Communities are “democratic” self- governance, I cringe. Nothing could be further from the truth. Perhaps in a perfect world. But most associations are far from perfection when it comes to conducting … More After nearly three years of legal battles, Florida condo owners find replacing their board a daunting task

Could a condo be your “dream” home?

By Deborah Goonan, Independent American Communities It’s becoming more common than ever to see reports of condo associations faced with huge special assessments. For the owners at Kennelly Square Condominium in Chicago, a recent $18 million estimate to repair their building would mean per-unit special assessments ranging from $30,000 – $80,000. Ouch. The story is … More Could a condo be your “dream” home?

Should Community Development District purchase Golf Club without a referendum?

By Deborah Goonan, Independent American Communities How would you feel if your city, township, county, or school board voted to add an additional $499 – $531 to your annual tax bill next year? Chances are, you’d be quite upset about it, especially if that extra tax would be used to purchase and make capital improvements to … More Should Community Development District purchase Golf Club without a referendum?

Condo owners sue seller, Realtor, Association for nondisclosure of potential $60K assessment

By Deborah Goonan, Independent American Communities Every day I hear or read about outrageous events in Association Governed Housing Communities. And I see the same issues over and over again. These are not “isolated incidents” as the HOA industry would have the public believe. Two very common issues I encounter: disputes over who should pay … More Condo owners sue seller, Realtor, Association for nondisclosure of potential $60K assessment

Leaky condos, special assessments a pervasive problem worldwide

By Deborah Goonan, Independent American Communities Today’s blog is for my Canadian readers, but also serves as a reminder to U.S. owners of Association Governed condominiums or cooperatives that the very same problems exist worldwide, wherever Common Interest Development is prevalent. The following article, written by a Canadian attorney, illustrates that point quite well. In … More Leaky condos, special assessments a pervasive problem worldwide