"Assessment payments are as low as 50 percent in some communities, causing
some board members to consider [extraordinary measures]."
Some HOAs may even go bankrupt.
Please join me in a moment of silent reflection. Smiles permitted.
My dads HOA plan looks terrible with many foreclosed derelict looking
in the case of foreclosure HOAa are unable to do anything about
condition of homes
he lives in phoenix.
I wouldnt live in a HOA plan
On the other hand HOAs in established communities are doing just fine.
The community my wife manages has 799 doors, 4 are in foreclosure and
one of those is still paying his dues.
I still wouldn't live in a deed restricted community. You are right
about that. My little community has a voluntary HOA, no arm twisting.
We still have about 75% dues participation and simply by treating our
residents like adults and neighbors, we also have very few problems.
Just about as funny as the higher prices you pay because of shoplifting,
or someone ripping off your kid's bike.
In my condo association, there have been liens against four of the eight
units within the past 2 years. One of those owners is in default on
several other properties. Another, who pays no property tax because he
is disabled, did not make one - not any - of the monthly maintenance
assessments since his purchase in fall of last year. Board members have
to deal with these headaches and pay bills. Irresponsible jerks brought
our economy to it's knees.
I like this quote from the article: "I haven't seen bake sales yet or
carwashes," said association attorney Robert Tankel of Dunedin. "But I
have suggested that people who don't pay need to consider doing that.
Sell their flat-screen TVs."
imported junk they can find, put it on their maxed-out credit cards,
re-fi the house to pay the credit-card bill, and still haven't got a
clue how to get out of the mess....they all vote for "smaller
government" but want uncle to fix THEIR mess.
The hundreds of billions we have paid for the "war" is nothing compared
to future costs for vets with PTSD and brain injuries. 'Been talking
about fixing SS for forty years - well the day has almost arrived.
Blame the mess on Obama? Our trouble started when he was in
kindergarten. I just about puke when I watch all the sad interviews
about the effects of the economy - what to do if junior can't attend the
college of choice next year...how to tell the kiddies they can't have a
$500 toy for Christmas.... Let's be sure to vote for the next shyster
who promises to lower taxes and print Bible verses on the currency.
If you think there is any important difference between the last bozo
and the current bozo you haven't been paying much attention.
I don't see any end to the 16 year old war anytime soon, the debt is
getting worse, jobs are still being exported and the same people are
working for Obama who screwed the pooch during Bush 1, Clinton and
Meet the new boss
Same as the old boss
The Who ~ 1975
On Mon, 18 May 2009 22:29:08 -0400, " email@example.com"
You are pretty much summing up what I told our little HOA when they
suggested becoming a 720 deed restricted (liens etc) community.
I had a similar situation in a condo I owned some years ago. The
people you would normally try to bring into compliance of some rule
with a lien are also the ones who don't care because they are upside
down on their mortgage. Your lien gets piled up under banks, tax men
and perhaps even code enforcement. The deadbeat we had in the condo
was like yours, never paid a dime. We had thousands of dollars worth
of liens, huge legal bills and after the bankruptcy court was done we
still never got a dime.
I sold the condo when the selling was good and never looked back.
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