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The board is going to impose fines on me if I don’t remove them, and they’re also going to prevent me from selling my unit. I can’t afford to pay $1,000 to remove the tile. Please let me ...
Once an owner purchases property within the subdivision, that owner becomes a mandatory member of the HOA, and must pay assessments to, and abide by the rules of, the HOA. In return, the owner/member is permitted to participate in the HOA's governance and use the amenities offered by the HOA, provided that they are current on assessments (or on ...
Wilson Leung, a real estate agent in California’s Bay Area, said the condo market is noticeably slower than single-family sales as prospective buyers balk at fees and higher property insurance ...
2021 California Senate Bill 9 (SB 9), [1] titled the California Housing Opportunity and More Efficiency (HOME) Act, is a 2021 California state law which creates a legal process by which owners of certain single-family homes in single-family zoned areas may build or split homes on their property, and prohibits all cities and counties from directly interfering with those who wish to build such ...
The Department of Financial Protection and Innovation has a long history, dating back to the formation of California's first banking department. It became the DFPI in 2020 with the passage of the California Consumer Financial Protection Law (CCFPL). [2] Formation of State Banking Department (1909) and State Corporations Department (1913)
Question: I live in an HOA, and our current board president has been president for 12 years. Every time there is an election, he automatically becomes president again because there is not a quorum.
Prior to Proposition 218, the majority protest process was limited to property owners subject to a proposed assessment. For a small number of assessments, a property owner election with weighted voting was legally required. The constitutionality of these property owner elections has previously been upheld by the California Supreme Court. [180]
The seller agrees to finance the outstanding $42,000 at a fixed interest rate over a 30-year amortization, with a balloon payment due after five years. Reasons for owner financing