Tag Archives: hoa

Deputy Accused Of Taking HOA Money

Some residents of the Trailwood Home Owners Association told WFTV’s Myrt Price that they can’t believe that someone they trusted, a law enforcement officer and someone who had been their HOA president for seven years, could be accused of something like this. Read more here: –>HOA Theft

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Can HOA Board Forgive Unpaid Assessments?

Q: Our homeowners association’s board of directors forgave homeowners who were two to three years behind on their assessments. This was done without our knowledge, and we found out about it before our annual meeting. Is this legal? This seems unfair to the homeowners who pay their dues every year. Read the answer here: http://www.charlotteobserver.com/2013/02/15/3855294/can-hoa-board-forgive-unpaid-assessments.html#storylink=cpyRead more here: –>HOA Financial Responsibility

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Abuse Of Power

At Monday night’s HOA meeting, residents spoke out against the board. One man said, “Shame on you. Shame on you board members.” “I mean, it’s just wrong,” homeowner Judith King told 10News outside the meeting. “It’s wrong.”  Neighbors said Evolfo applied for a city permit to build a backyard “deck” before receiving HOA approval. After getting the permit, the HOA president called an emergency HOA meeting solely for a vote on his “deck.” Fellow board members approved construction. –> Read Complete Story

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HOA Accountability

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Gated HOA Gated Community Streets Responsibility

By Robert Lee Long Citizens say streets in Cross Creek, a private gated community in Hernando, are in need of repair and one of the ways to upgrade their condition is to make them public. One way to achieve improvements and upgrades is to turn the streets over to the city. At issue, however, is the fact that plats of the subdivision will have to be changed, and if the streets are taken into the city, they will have to be accessible to the public. Leigh Pegram, president of the Cross Creek Homeowners Association, said the group is exploring their … Click Here For Entire Entry

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Who Pays For HOA BulkHeads

By Gretchen Wenner One of Oxnard’s premier neighborhoods, where boats nose up to million-dollar homes and the ocean beckons just beyond the harbor, has a problem borne of its marine environment: Sea walls are getting old. The reinforced concrete walls that protect Mandalay Bay’s 743 homes were built in the late 1960s and early 1970s. They had a projected life span of roughly 40 years — time that’s about up. A group of homeowners is advocating pre-emptive repairs that would cost a fraction of the estimated $118 million needed for total replacement. A recent evaluation found some stretches are at … Click Here For Entire Entry

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Tomball TX Police Connects Homeowner Associations

By Catherine Dominguez Despite a small turnout, area residents along with the Tomball Police Department are moving forward with an initial email list to get local homeowners association leaders connected. Administrative Sergeant Rebecca Carlisle with the Tomball Police Dept. met with residents March 8 to provide them with information about what they can do to increase security in their communities and discourage crime. Carlisle said it was important for local communities to establish an electronic system to communicate with each other, including using social media like Facebook and Twitter along with an email blast list. She also said it was … Click Here For Entire Entry

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Are All HOA Monies Tax Exempt?

By Gary Poliakoff A Las Vegas HOA is currently fighting with the IRS over the question of whether $2 million held in the HOA’s savings account is subject to a 30% sales tax as corporate surplus. Associations are generally organized as not-for-profit corporations (some older associations are not incorporated) and therefore must file tax returns like other not-for-profit corporations. Associations are not entitled to tax exempt status like charitable organizations. To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in the Code. To be tax … Click Here For Entire Entry

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Big Money To Be Made In Foreclosures

By John Gittelsohn Private equity firms are jumping into distressed housing as the U.S. government plans to market 200,000 foreclosed homes as rentals to speed up the economic recovery. GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals, Thomas Shapiro, the fund’s founder said. That followed announcements this month that GI Partners, a Menlo Park private equity fund, expects to invest $1 billion, and Los Angeles-based Oaktree Capital Management LP will spend $450 million on similar housing. “It’s a massive market,” Shapiro said in a telephone interview from New York. “We’re starting to see … Click Here For Entire Entry

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Disturbing New Trend Impacting HOA’s

By Donna DiMaggio Berger Two recent legislative attempts signal a disturbing trend that has the potential to negatively impact Florida’s community associations. The first is this year’s construction defect bill, HB 1013, sponsored by Representative Artiles and its Senate companion, SB 1196, sponsored by Senator Bennett. These bills would take away a homeowner’s rights to pursue a developer for defects to the driveways, roads, sidewalks. utilities, drainage areas and other so-called “off-site” improvements that are not located on the lot on which a home is constructed or which are located on such a lot but do not contribute to the … Click Here For Entire Entry

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Texas HOA Law Changes

By Jennifer Slewer A slew of changes are now in effect for the state’s homeowners associations, the love-’em-or-hate-’em groups that everyone seems to have an opinion about. The changes grant homeowners more freedoms when it comes to outdoor decorating and installation of environmentally friendly systems. The changes also make it harder for HOAs to foreclose because of unpaid fees. Now, HOAs won’t be able to keep you from displaying the U.S. or Texas flag, or flags of military branches. Free-standing flagpoles 20 feet tall or less will be allowed, too — legislation filed in response to an HOA that sued … Click Here For Entire Entry

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Preparing For HOA Annual Meeting

By Stan Riddle Over the next few months, a number of homeowner associations will be holding their annual meetings. Of all of the HOA meetings held during the year, this one probably has the most members in attendance due to a number of important issues that are likely on the agenda, such as election of officers. In an effort to assist HOAs in making this meeting run both effectively and efficiently, the Green Valley Council offers a few suggestions: –> Read Complete Story Here

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Texas Homeowner Association Disagreements

By Christin Coyne Located in far east Parker County off of White Settlement Road, Remuda Ranch Estates is where rural Parker County allows residents to escape the Fort Worth area. When a home burned down several months ago, many neighbors left their homes to support the family. But the neighborhood isn’t as peaceful as it appears. After years of feuding, some neighbors don’t speak to each other any more. Ten lawsuits have been filed in Justice of the Peace Court or District Court during the last three years involving the Remuda Ranch homeowners association, those on the board of directors, … Click Here For Entire Entry

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New Texas Laws Change HOA Powers

By Natalie Solis Nearly 5 million Texans live in neighborhoods with homeowner associations. Compared to other states, HOAs wield a lot of power. But that’s starting to change. For many North Texans, home owners associations are the norm and not the exception Angel Long is well versed in the rules. “Just those little things… the arbor on the back that had to be approved, and all the regulations,” she said of her Frisco home. “It wasn’t ever a hard process, but just something that had to be followed.” Rules are one thing, but taking away someone’s house is another. “Lawyers … Click Here For Entire Entry

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