HOA & FHA – Helping Homeowner Associations Obtain FHA Approval, Create More Choices for FHA Buyers
As of February 1, 2010, FHA no longer allows spot approvals in Homeowner Associations. From now on, for a FHA buyer to buy in an HOA community, the community itself will have to be FHA approved. If your FHA pre-approved buyer is looking to purchase a home in a HOA community, here is how your … Continue reading
Cash vs Accrual vs Modified Accrual Methods 101 – Article from the David Stirling Act
Here is a great article from the David Stirling Act about the accounting methods we use wtihin our industry. Enjoy 🙂 Accounting Methods Financial statements vary greatly depending on the accounting method used in their preparation. To understand the association’s financial position, board members must know which method was used. Cash. This method is similar … Continue reading
New EPA Lead Paint Laws Effect Remodeling Projects – article by Home Construction & Improvement
The US Environmental Protection Agency (EPA) has new lead paint laws going into affect on April 22, 2010. The new lead paint laws require any renovation work performed on houses built before 1978 to be performed by a certified contractor. Obviously his new law is causing some serious moans and groans from both home … Continue reading
Lobbyist group aims to reform HOA fee collection process – Article by Hubble Smith Las Vegas Review
Posted: Feb. 23, 2011 | 2:04 a.m. Updated: Feb. 23, 2011 | 8:53 a.m. A lobbyist group has taken up the fight against exorbitant HOA collection fees that illegally threaten homeowners with foreclosure and negatively impact Nevada consumers, coalition leaders said Tuesday. Homeowners association residents have seen $200 in delinquent dues turn into a $5,000 … Continue reading
Leaders of SC homeowners group out after shooting – Article from the WBTV
Associated Press – February 23, 2011 8:55 AM ET BLUFFTON, S.C. (AP) The president and security director of a Bluffton homeowners association have been replaced after a shooting in the neighborhood last Christmas Eve that left one man dead and one in jail. The Island Packet of Hilton Head reports members of the Edgefield Homeowners … Continue reading
LEGISLATIVE UPDATE – article from the CAI – Orange County Regional Chapter Magazine
LEGISLATIVE UPDATE The November luncheon was a sell out, and for good reason. Our members flocked to listen to the Legislative Update. The speakers were Jeffrey Beaumont, Esq. of Beaumont Gitlin & Tashjian, Skip Daum, Lobbyist for CAI•CLAC and Jamie Hackwith from Amber Property Management. The panel discussed the newly adopted laws as well as … Continue reading
SIMPLE SOLUTIONS FOR LEAKING WINDOWS – Charles Antis
When it rains, roofing contractors are flooded with complaint phone calls regarding leaky roofs. But while it seems that the leaking originates from the roof, this is not always the case. More than 20 percent of all leaks originate from poorly installed alumi¬num-framed windows and doors. Let’s examine the components of an aluminum sliding-frame window. … Continue reading
HOA wants to inspect homes of people suspected of hoarding – By CLAIRE WEBB – THE ORANGE COUNTY REGISTER
Geat article !!! LAGUNA WOODS – Residents in Laguna Woods Village’s largest homeowners association who are suspected of having excessive clutter in their homes could be compelled to allow the HOA to inspect their homes for hoarding and to remove the clutter under a new policy. The United Mutual board gave initial approval last week … Continue reading
Fight over HOA power heads to Austin – by Gabe Gutierrez / 11 News
Great cover story!!! Posted on February 15, 2011 at 11:45 PM HOUSTON – The debate over how much power should be given to neighborhood homeowners associations is heating up again at the Texas state capitol. On Tuesday, Houston-area groups, both for and against HOA reform, traveled to Austin to give lawmakers an earful. It’s part … Continue reading
KTNV Channel 13 Las Vegas – SUn City Anthem HOA President Prevents a Resident From Protecting Herself and Her Pets in Her Own Backyard
Great article covered by KTNV Channel 13 Las Vegas, CA!! Feb 13, 2011 10:45 PM Contact 13 recently inducted Sun City Anthem into the HOA Hall of Shame for preventing a resident from protecting herself and her pets in her own backyard. In Chief Investigator Darcy Spears’ first report, the HOA president dodged her. But … Continue reading
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