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Scott Pullins: With Foreclosures Growing, HOA's Pile On

By The Pullins Group LLC

The AP picks up a story this morning describing how foreclosures nationwide are up a whopping 63% over this same period last year.  Read the story here.  Ohio was ranked third in the nation in foreclosures, behind just California and Nevada.  In my community alone, we've documented over 50 homes that are vacant and over 300 that are languishing on the market unsold. 

With homeownership in such deep trouble, you would think that the homeowners associations that govern many neighborhoods would be alarmed by this trend.  Never, however, doubt the total lack of common sense from the leadership of these HOA's. 

Last night, at the monthly board meeting of my HOA here in Apple Valley, the treasurer and member of the board proposed that we increase membership assessments on all new members by 100%.  We would have been better off just passing a resolution forbidding anyone from selling their homes!

At a time when homeowners are giving cash bonuses to sell their homes, giving away cars, boats, and tv's as incentives, why in the heck would an HOA make it harder to sell homes?  Warning, when entering a homeowners association, please check your common sense at the gate.

Scott A. Pullins, Esq.
Publisher,
The Pullins Report

DISCLOSURE -  My law firm and I frequently and successfully represent homeowners that have disputes with their homeowners associations.

Full post as published by The Pullins Report on December 19, 2007 (boomark / email).