Understanding HOA Documents: Before taking the plunge into homeownership, it’s crucial for potential buyers to delve into the world of Homeowners Associations (HOAs). These organizations play a significant role in shaping the community you’ll be living in, and understanding their rules and regulations is paramount. Here’s a comprehensive guide on what you need to know…
Fraud and Embezzlement: How HOA Scandals Impact Communities In the realm of Homeowners Associations (HOAs), cases of fraud and embezzlement can wreak havoc on communities. The ramifications of theft within an HOA can be severe, often leading to prolonged legal battles and financial setbacks. While there are avenues for compensation, such as insurance claims, the…
New Anti-Fraud Laws Are Enacted In California To Protect HOA Members New HOA Laws in California: An anti-fraud bill intended to safeguard HOA members in California breezed through the legislature without any opposition and became law on January 1, 2019. Key Amendments to California’s Davis-Sterling Common Interest Development Act The bill, which proposes several amendments…
What Happens When An Hoa Is Dissolved? Estate Planning Attorney Joseph Hudack says that after the HOA was disbanded, homeowners may have to deal with various everyday problems that the HOA had previously taken care of: Who will care for the condominium building’s external and structural components, for instance, if the HOA is a condominium…
The Truth About Disbanding an HOA? One of the reasons why ending a HOA is so challenging is because of this. An HOA cannot be dissolved without the consent of many interested parties. If residents want to disband their HOA but one or more interested parties object, the HOA shall continue to exist. The board…
Terminating a Homeowners Association Technically, yes, but practically, it is impractical due to the difficulty. Most homeowners have not given legal or practical considerations any thought when it comes to terminating a homeowners association (“HOA”). Therefore, as was covered in this article, homeowners should exercise caution before attempting to dissolve their HOA and speak with…
What to Do if You Think Your HOA Is Fraudulent? HOA Fraud – Theft, fraud, or embezzlement can occur in any organization, while it’s not a pleasant subject, volunteer organizations like homeowners’ associations are particularly susceptible. Members must be able to spot fraud with ease and comprehend how to effectively safeguard their association because significant…
New California HOA Laws Estate Planning Attorney Joseph Hudack says that California HOAs had their best legislative year in years in 2021. An already-enacted California statute is summarized in this column. Senate Bill 391 became an emergency law after Gov. Gavin Newsom signed it on September 23. It enables HOAs to convene virtual meetings in…
Special Assessments and HOA Fees Corona Estate Planning Attorney Joseph Hudack knows that members of the homeowners’ community are required to pay assessment fees every month. This doesn’t mean that they will just pay whatever the HOA decides to charge them. Homeowners have every right to question an increase in monthly HOA fees or why…
HOA Rules and Regulations: Understanding the Framework of Community Living When you purchase a home within a community association, whether it’s a condominium, townhouse, or planned development, you automatically become a member of the homeowners’ association (HOA). This membership entails adherence to a set of rules and regulations established by the association. While some may…