August 23, 2013 |
Question: Looking to buy a home, we found a single-family residence only to learn it had a homeowners association, so we looked at condominiums. Each had different documents. With the HOA fees on top of our mortgage payments, the house and condo became unaffordable. We want to buy that house but don't want to be part of the association. Can we remove it from the HOA? We're not understanding the concept of these developments and associations. We're at a loss what to look for when buying property.
CALIFORNIA | LOCAL
August 5, 2013 |
SAN FRANCISCO - The California Supreme Court refused Monday to hold up extension of the Expo Line to Santa Monica for further review. The state high court's fractured decision was a loss for a group of homeowners associations that had argued the project's environmental impact report failed to comply with state law. The Exposition Metro Line Construction Authority approved the rail line from Culver City to Santa Monica even though the review of...
July 19, 2013 |
Question: I've been president of our homeowners association for several years. We have fewer than 20 units and have managed to keep our HOA dues low at around $330 a month, mainly because we don't have earthquake insurance. We've saved a lot of money because we haven't paid for earthquake insurance for more than 15 years and have been very lucky. Do we have to get it? Answer: With one earthquake, your luck may run out. However, after 15 years of savings, and in the best interests of the association, the board should have been depositing those savings in an interest-bearing bank account.
June 21, 2013 |
Question: In my capacity as board director, I sent a certified letter to the association manager asking where our homeowners association files are kept. The letter notified him I intend to inspect the files and the premises because the address given to our association as management's "corporate" address is nothing more than a mail drop. He quoted California Corporations Code section 8334, stating "a director may inspect the physical properties of the corporation of which that person is a director," and then said I wasn't a director of his management corporation so I can't look at the association's files that are at his house.
May 31, 2013 |
Question: Our homeowners association is hemorrhaging money at an alarming rate, and the president tells owners he moved all reserve money elsewhere to avoid a potential judicial judgment from attaching it. Under management's influence, he invested it all in an assessment recovery firm, claiming the association receives a very high return on our investment. He said management invests in the same firm. This firm has been unrelenting in its voracious targeting of titleholders utilizing liens, fees, penalties, interest, threats of foreclosure.
May 24, 2013 |
Question: Our cooperative homeowners association has an election for two of seven board members next month. As members we all received ballots recently, which we are instructed can be voted by mail (appropriate envelopes for secret ballot were enclosed) or handed in at the annual meeting. I mailed my ballot, with a vote for a candidate who then announced that he is withdrawing his candidacy. In light of that, I would like to re-vote. The board says that it is probably illegal and not practical to pull my original ballot and give me a new one. Is this fair or correct?