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HOA board members and homeowners have responsibilities. Check over the laws to make sure they’re being followed.
Over time, I hope my property retains its value and appreciates. I once owned a home in Florida without a Homeowners Association (HOA). On one side a neighbor parked his beat-up truck in the driveway.
Failing to pay HOA dues, including special assessments, could result in a range of unfavorable consequences. You may, for example, be barred from using certain amenities until you’re current on ...
Some neighborhood associations in the United States are incorporated, may be recognized by the Internal Revenue Service as 501(c)(4) nonprofit organization, and may enjoy freedom from taxation from their home state. [1] The term neighborhood association is sometimes incorrectly used instead of homeowners association. But neighborhood ...
The story of Army Capt. Michael Clauer's family, whose Frisco, Texas home was sold out from under them after his wife failed to pay -- or sporadically paid -- their homeowners association dues ...
Similarly, developer private transfer fees are assessed in return for these same amenities, which of course are used by, and inure to the benefit of, the property owners. The fact that an HOA is arguably using the funds on an ongoing basis, whereas a developer private transfer fee is used to reimburse the developer for costs already incurred ...
This is not solely a Florida problem, though: Other markets around the country where HOA fees increased by double digits, the study found, include Ft. Worth, Texas (14.6 percent); Sacramento ...
A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, covenants, conditions and restrictions(CC&Rs), agreements, resolutions and ordinances that will affect the real property in question.