HOA’s Are Costing People Over 100K In Ripoff Fees

What they don't tell you.
If you get an assessment fee you have to pay it or you will have a lien put on your house.

They can even foreclose.

HOA's as stated even by David Kahn an attorney for the HOA Reform Coalition are not really formed for the homeowners, but rather for the builders.

The board is led to think from years of programming that they are there for the benefit of homeowners, but they were created and told to enforce by laws created and set up by the builders, then handed over to a board that has a lot of power.
The board's attorney's, which homeowners pay for represent the board, NOT homeowners.

The HOA is a little government Within the government so only equals MORE government regulations, fees and fines!

They set them up so the city can expand quickly and the builders can offset some of their costs, then hand them over to a board.
Then there is a problem 20 years down the road
whether it is

• Assessments
• Frivolous lawsuits
• in fighting with neighbors
• too restrictive of rules and regulations

If they are run by a third party company [property management company] they are not there for the best interests of the homeowners.
They are profit based and what they are trying to make money from is not just the dues, but rather the fines!

The fines are what allow them to stack them up on people,
put them in a revolving cycle where the Property Management Company with the aid of their numerous, high powered attorneys will also charge each homeowner generally around at minimum $3,000 On Top of the stacked up revolving fees.
Crazy right?
Not to a profit based billion dollar company!

Sometimes over zealous people run the boards.
As these professionals in the industry say,
they get a little bit of power and they start throwing that power around.

Then the HOA the homeowners have funded end up in lawsuits and those lawsuits end up taking money Out of the Reserve that is supposed to be there if something goes awry.

Not all, but some HOA's have been found not to be responsible.
No one is suggesting this happens in All HOA's, it is evidenced to happen in far too many.

To dissolve a board,

• you must get your entire community involved.
• you will have to rally and hire an attorney
• you need all documents that pertain to the HOA

to include any copies of the minutes,
any by laws that have been changed

• You can rally as many people as possible for a vote to dissolve
• all debts for the HOA that still exist are still due
• you can try to work with local governments to have things fixed and repaired in your neighborhood.
• Going to have work with the state which is why an attorney is needed and the attorney needs to file the documents that the HOA is completely dissolved.
• It needs to be at the courthouse so that new people that buy into the neighborhood, that needs to be included with those documents.
• When you close on a property, the HOA dues are part of the document.

Rules in an HOA can change at any time
If homeowners cannot attend the meetings, a proxy vote can be done.

#HOA, #overbearing, #minigovernment, #government, #PropertyManagementCompany