Comments by user: HOAGOV
Interesting. Why has the HOA permitted outsiders to use its park? Why not charge a fee? What has the board done to proect its propert values? Take out a loan????
Let's not bailout the automakers with all their trickle-down financial impact, but bailout those independent, authoritarian HOA regimes that deny constitutional protections.
What's this country coming to?
More info at http://pvtgov.org
The HOA president believes that ALL liens are handled by forceclosure, and thinks the banks should be made to pay for all liens. Not so! Mortgages are in first position and all other liens are extinguished, unless, of course, the HOA buys the property at foreclosure to protect its secondary liens. Yes, the HOA must first pay off the mortgage.
The president also laments about the nonpayment of fines, as if the fine was important to the operation and survival of the HOA. No, they are not! Fines are punitive in nature, serving as a detriment to the individual, and to others, to pay their bills. They are personal in nature.
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When will the special interests accept the fact that mismanagement by untrained boards of directors, and the failure to properly educate them in sound business techniques, is the primary factor for HOA financial woes. The "tribal" isolationism of the HOA legal scheme -- "we are a private group" -- is now disappearing in pleas of help from the government. Well, let's get some reforms of substance from the industry as a quid pro quo -- penalties for HOA violations, proper due process of disputes rather than the accusers juding the accused, financial accountability to the state, etc.