Search results
Results from the WOW.Com Content Network
Under Davis–Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions against the units or parcels within the HOA with the county recorder.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community), is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
According to the Community Associations Institute, between 22 and 24 percent of the entire U.S. population in 2017 lived in community associations. The two leading states with CIDs are California, where around 9,327,000 people lived in a CID, and Florida, where about 9,753,000 lived in a Community Interest Development.
For premium support please call: 800-290-4726 more ways to reach us
If you fail to make your payments, the HOA or COA may foreclose on the property (but only if the lien is worth $2,000 or more) to force a sale to a new owner — even if you have a mortgage on it ...
For Millennium Towers, the HOA retains the right to increase fines for window violations to $10,000 per event, if the board were to vote for it per their bylaws.
Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in the ...
Deceit, rigged bids and extortion: How HOA foreclosures can open the door to predators ‘Once. Twice. Sold for $4,400.’ How HOA foreclosure auctions cost owners their homes. Can an HOA sell ...