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Results 1 to 5 of 5
  1. #1
    kamilah05 is offline Renter
    Join Date
    Jan 2008
    Posts
    2

    Default where to complain about HOA

    Hi everyone, i own a condo and the hoa fee has gone from $230.00 to $500.00 because no one is paying the fee, this has been going on as of the begining of last year also i just found out today that there is no homeowners insurance which was included in the hoa as of may of 2007 and that i now have to obtain my own insurance on top of my $500.00 hoa fee, where can i complain or who can i complain too, i need help please.

  2. #2
    Mike Taylor is offline Condominium
    Join Date
    Sep 2007
    Location
    Indianapolis
    Posts
    302

    Default

    That sounds like terrible property management. Can you get on the board and change things yourself? Is it run by the homeowners or by a management company?

  3. #3
    kamilah05 is offline Renter
    Join Date
    Jan 2008
    Posts
    2

    Default

    there is a board in place, i hate to sound so negative but it is a 26 unit development about a little less then half of the units are in foreclosure how can you turn something like that, what would happen if the entire place was to go under does the state take over?

  4. #4
    REbuyersgroup's Avatar
    REbuyersgroup is offline Condominium
    Join Date
    Jan 2007
    Location
    Palm Beach Florida
    Posts
    225

    Default

    Not sure of your location or the laws of your state, but there is no doubt you are unfortunately having to cover the negative of those who are not.

    There are attorneys that will file a lein on the property for the balance owed and it will be necessary to have that in order to get anything if the property sells. The attorney fees are to the owner on top of they debt.

    The problem we are seeing is if the property is foreclosed, you loose all of the past due amount. When the bank takes control of the property it is their obligation to pay the dues.

    If it is a Short Sale the bank will end up negotiating the balance in order to get the property sold to someone who will hopefully pay.

    No good answer, but you do need to attend the HOA meetings and request a copy of the minutes of past meetings to see the extent of the damage.

    Although they will not disclose the specific homeowners in default, the minutes should reflect the number of homes not paying and the amount past due.

    Every HOA community is having the same problem to some extent. Not sure how this will all turn out if it gets any worse. Sooner or later the ones who are making up the balance will no longer be able to afford to do that and fall into the same position as the previous owners.

    A truly ugly scenario.
    Craig Fialkowski
    www.NewFLproperties.com
    EXIT Realty Florida

  5. #5
    carlam is offline Condominium
    Join Date
    Feb 2008
    Location
    Tampa, FL
    Posts
    234

    Default

    I agree with Craig, there is no good solution and a lot of issues with the current market.

    It is important to attend HOA meetings and be involved - it keeps you informed at the very least.
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