Dateline: Portland, OR - This weeks' round-up of HOA horror stories includes the case of a 22 unit, single-building condominium in the Portland area that was forced to levy a special assessment to pay for exterior building renovations after 37 years of under-funding its reserve account. While it is true that many HOAs end up … Continue reading The HOA Blotter: May 7, 2017
In a previous post we introduced the readers to the paradigm-changing panel report published by the Community Association's Institute (CAI) in March 2016. The report titled Community Next: 2020 and Beyond is, in many ways, a ground-breaking change in the HOA management industry's stance on a number of issues that impact how HOAs are governed. … Continue reading Community Next: Mandatory Reserve Funding and Beyond…
In March of 2016 the Community Associations Institute (CAI) released a White Paper titled: Community Next: 2020 and Beyond - The Association Governance Model Panel Report....
As many industry insiders have known for some time, Kansas City Star reporter Judy Thomas has been working on an investigative report about homeowners associations and the abuse of power that can occur when HOAs are left to their own devices with little if any regulatory oversight. Ms. Thomas spoke with the HOA Detective some … Continue reading Kansas City Star Reporter Judy Thomas Exposes HOA Abuses
Admittedly, it's been a while since the HOA Detective touched on this topic, but that's not because yours truly hasn't been busy. To the contrary, the number of buyers purchasing homes in HOAs, and condominiums in particular, seems to be never-ending. In our quest help shine the light of day on the pitfalls of homeowners … Continue reading Because You’re Buying More Than A Home: Part V
The risks and responsibilities that result from membership in the HOA can be significant; which is why we say that when you purchase a home in an HOA "You Are Buying More Than a Home." The obligation to contribute to the financial support of the HOA is manifested in the form of assessments or dues … Continue reading Because You Are Buying More Than a Home: Part IV-The CC&Rs
So far we have learned that when a buyer purchases a home in a common interest development (CID) they are also conscribed to membership in a homeowners association or HOA. In the majority of cases the HOA is organized as a non-profit corporation under the corporation laws of the state where the property is located. … Continue reading Because You Are Buying More Than a Home: Part III-The CC&Rs