Re: Help Stop HOA Madness

Re: Help Stop HOA Madness

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 Re: Help Stop HOA Madness Larry Bud Reply Send to a Friend   Print
 
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Help Stop HOA Madness azotic 05-25-2006
> > Would you deposit your lifes savings in a bank that doesnt have FDIC
> > insurance ?
> > Would you invest in stocks not regulated by the SEC ?
> >
> > Lets get the government to put some oversight on HOA communities.
> >
> > http://www.petitiononline.com/homeback/petition.html
>
> I'm all for government regulation. But the petition seems to want to strip
> the HOA of its power to foreclose against unit owners who don't pay their
> maintenance fees. Please propose an alternative mechanism that forces unit
> owners to pay their dues.

A simple small claims suit of the HOA against a homeowner, or if the
amount is too much, a civil case in district court, just like any other
monetary dispute.



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Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
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