HOA Issue #1: Anyone can sue an HOA, and it can cost homeowners millions

Jury ruled Lamplight Village at Centennial Springs HOA should pay $20 million to Plaintiff in personal injury lawsuit involving playground equipment By Deborah Goonan, Independent American Communities   Many housing consumers don’t understand the hidden risks of buying into a mandatory membership homeowners,’ property owners,’ condominium, or cooperative association. One substantial risk is that owners and shareholders assume financial liability for legal expenses of their association, whether the HOA sues or finds itself as a Continue ReadingHOA Issue #1: Anyone can sue an HOA, and it can cost homeowners millions

Homeowners of Lamplight Village fear fallout from $20M verdict

By Deborah Goonan, Independent American Communities   In a follow up report on Lamplight Village, KTNV’s Darcy Spears interviews an attorney representing homeowners who were blindsided by the February verdict of $20 million against their HOA. You read that right. Homeowners say they were completely unaware of the lawsuit until they began reading about it on social media.   Homeowners under cloud of $20M swing set verdict demand answers from HOA (KTNV) Darcy Spears 10:45 PM, Continue ReadingHomeowners of Lamplight Village fear fallout from $20M verdict

Anyone can sue an HOA, and it can cost homeowners millions

Lamplight Village at Centennial Springs HOA must pay $20 million awarded to Plaintiff in personal injury lawsuit involving playground equipment By Deborah Goonan, Independent American Communities   Many housing consumers don’t understand the hidden risks of buying into a mandatory membership homeowners,’ property owners,’ condominium, or cooperative association. One substantial risk is that owners and shareholders assume financial liability for legal expenses of their association, whether the HOA sues or finds itself as a named Continue ReadingAnyone can sue an HOA, and it can cost homeowners millions

How to deregulate homeownership – challenge validity of covenants & restrictions

It’s time to end costly, senseless disputes over swing sets and other trivial matters   By Deborah Goonan, Independent American Communities   Today’s featured report of over-regulation of homeowners is several months old. And you might think it involves another HOA that hates children. But this protracted dispute over a swing set has taken place in the Village of Chevy Chase, Maryland. A real government. Grandparent’s $1,500 swing set creates a rift in wealthy D.C. Continue ReadingHow to deregulate homeownership – challenge validity of covenants & restrictions