homeowners association
Check Homeowners Association Fees and Amenities Before Buying
Q: We just purchased and closed on a home with community pool/spa listed in the local multiple listing service (MLS) in a gated community. As it turns out, the pool is not for this subdivision in the community but another …
Dues Not Paid to HOA Homeowners Association
You live in a homeowner’s association and people aren’t paying their dues, what should you do? Sue, dissolve, or collect? Q: We have about 70 homes in our subdivision in Georgia. We have a Homeowners Association that has hired a …
Home Buying Has Risks
Home buying has risks even when buying a condominium with a homeowners association. Q: I’m in the process of purchasing a condominium and there’s a wooden deck near the porch with drainage under it. The Homeowners Association (HOA) says that …
Limited Options to Get Out of Timeshare Contract
Limited options available to get out of a timeshare contract. Timeshare owners have limited options for getting out of timeshare contracts. Work with timeshare management company to get out of timeshare contract. Timeshare owners trying to get out of timeshare contract have limited options and are still responsible for maintenance and homeowners assoctiation payments for timeshare. Contact a real estate agent specializing in timeshares to help get out of timeshare contract.
Homestead Exemption Reduces Property Tax Bill
Homestead exemption reduces property tax bill for first time home buyer. New homeowners can reduce property tax bills with a homestead exemption. Homeowners cannot write off homeowners association fees on federal taxes. There are some home expenses a homeowner can write off on their federal taxes. Tax exemptions for homeowners include the homestead exemption, interest paid on a mortgage loan and more.
Neighborhood CC&R Enforced With Lien
Neighborhood CC&R enforced with lien against homeowner not paying for community road repairs. Neighbor refuses to pay for community road repairs, neighborhood CC&R is enforced. Enforce a neighborhood CC&R with a lien against a homeowner refusing to pay for community road repairs. Neighborhood without homeowners’ association still has rights in neighborhood CC&R. CC&R or covenants, conditions and restrictions takes place of homeowners association in neighborhood.
Finding An Apartment: The Cost of Renting
In September I started a new lease on an apartment in the city. I had rented other apartments during college so I was familiar with the process, but this was my first place as an “adult”. I ended up with a great place, but getting there was a long, stressful road. Every Tuesday, I’ll be sharing my experience and a little advice on the trials and tribulations of finding an apartment.
Homeowners Association Changes Voting Rights
A Homeowners Association changes voting rights. Homeowners Associations can change voting rights for residents. Voting rights in a Homeowners Association can be tied to how a homeowner purchased a property. Property purchased directly from a developer or from another homeowner will impact voting rights in the Homeowners Association. The way a property is purchased can impact voting rights in the Homeowners Association. Voting rights in homeowners association vary by state. Check homeowners association documents to understand the voting rights in your homeowners association.
Condo Association Board Members Neglect Their Responsibilities
If you own a condo, you always have to make sure that your condo association board is attending to its responsibilities. If owner vigilance starts to wane, the condo board president or the condo board members could start to take advantage of the unit owners. The condo association board could terminate full transparency of financial transactions, overspend on special projects, and even require that they be payed a salary if condo owners are not aware.
Condo and Homeowner’s Association Problems Come With Declining Real Estate Market
Condo Association Problems Come With Declining Real Estate Market
The decline in the Real Estate Market has created problems for condo associations and homeowner’s associations alike. As more home buyers have lost their homes to their lenders, condominium and homeowner’s associations have lost a source of their revenue. As the revenue has dried up, condo associations need to make due with less money. Until the real estate market stabilizes, employment begins to come back, and lenders stop foreclosing on homes, more and more condo and homeowner’s associations will have problems meeting their obligations.
