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 Flipping houses...?
Want advice from people who have done this. I am looking into starting to flip houses. My husband is a handyman. He works in maintenance and will be taking his HVAC test shortly. So most of the work ...


 What is the cheatest city to live in?
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 I am 16 years old an i have a job and want a flat?
i am 16 , i have a job and me and my fiend want to move in to a rented flat , we both have jobs and would like to rent a flat up to £200 a month , what could i tell he council so i could get a flat ...


 "Help" landlord locked me out of my place! I live in california and have a month to month agreement
on 11-02-2006 when i went to pay the rent she would not accept it and told me i needed to move out. I have never recieved any written notice at all. this morning I left to go to the doctor and when I ...


 What are the first steps you take to getting a mortgage?
it sounds stupid i know! but me and my partner are looking to get a mortgage, we are first time buyers obviously first time buyers, and we haven't got the first clue on how to go about it, do we ...


 How to get a room-mate to quit smoking marijuana in the house?
Room-mate new way before moved in, not suppose to do this.
However from day one this has been going on. There is 3 of us that live in house right now, haven't gotten 4th room-mate yet. I ...


 Is it better to buy a new house in this year or next year?
i am living in canada and planning to get a new detached house. I was just wondering is it better to get a house in this year if prices are good this year or should i wait next year may be price ...


 How much should I offer on a home that costs $179,900?
It is a nice ranch, 1296 sq. ft. and I absolutely love it. The problem is it is a little out of our price range. I was thinking of offering 135,000 to give me some room to go to 140,000. Is this ...


 How to divide rent between 3 people in a 2 bedroom home when 2 of the tennants are couples.?
So I'm living with my boyfriend and we're going to college. Recently we found out that his niece is transfering to the college we are going to so his parents want her to live with us. I�...


 How can I get a $225,000 Home Loan with no down payment?
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 Can I kick someone out if they pay rent and receive mail but are not on the lease.?
When I moved into my place I had a friend with family & personal problems. I offered to let her stay with me but she would have to help out with rent. There never was an agreement on how long ...


 What's the best attitude when buying a house?
I'm 24. I have my credit approved to buy a house. I feel so lucky the second real state agent I went to was very nice, explained everything, and offfered me a deal that was more than what I ...


 Real estate question?
I'm intending to be a first time home buyer with my husband. If a home is listed at say $2,100, even after I've made the search specifically for PURCHASING a home, does this number ...


 I need some ideas of a new filing system to log whenever each renter pays their rent, ours is very outdated.?
Our office has over 200 rental properties. We currently have folders set up for EACH renter and when they pay their rent, we have a copy of the receipt and we put it in the folder and mark on the ...


 We have a teneant that smokes. We have asked many times for them to stop.?
The smoke travels trough the walls and affects others. They are on a month to month lease. Is there anything we can do to make them stop smoking in the apt?....


 Mortgages for 5 times your annual salary. A good idea or not?
Yesterday either Abbey or HSBC (I think it was Abbey) decided to let first time buyers borrow 5 times their annual salary to get the bottom end of the market going again.

Are they mental ...


 HELP!! I am a realtor in Louisiana and I need a slogan.I would love suggestions.?
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 Can my landlord throw my boyfriend out because hes not on my lease?
My boyfriend and his dog moved in with me and my landlord is threatening to throw us all out. My rent is paid on time and I dont see what the big deal is. Pets are allowed but he says my lease ...


 Is there a way to buy homes cheaply by paying the taxes on deserted homes if so where do you send the payments
...


 Can I marry my section 8 landlord?
...



Sabine É
Home Owner Association (HOA) fees exorbitant!?
Our Board just raised the fee by $70 to over $420 a month! I think this is exorbitant, considering we have 1 unheated pool and a single crappy tennis court as our "amenities". Problem is, they don't communicate with the community or let anyone know what's going on, aside from posting a tiny sign no one sees. How can we stop them?
Additional Details
with the mortgage, property taxes, cost of living AND the new HOA fee, we're wondering if we can continue to live here-- but who will want to buy our unit with these rates?
                     
 




Trust no 1
There must be something more going on here!

While there certainly seems to be plenty of crappy HOAs, I just want to say that I much prefer to live with and HOA than without one! At least when you have one you have some sort of recourse against neighbors acting like jerks (barking dogs, crap in the yard, house painted puke green). We are looking to re-locate now and it never ceases to amaze me how even the nicest neighborhoods with no HOAs have at least 2-3 junky yards!

So while this is certainly a bad situation, it can be worse...

Good for you for having hubby get involved. I wish you the best of luck and hopefully you can file a small claims suit or something to stop this from escalating.


Andrew
Get a copy of the bylaws and find out if they are violating their own rules about having meetings and giving proper notice when they do have them. If they are, you can do one of two things: (1) run for the board and work to straighten things out from the inside; or (2) sue them as an outsider. Suing them is tricky because they have a lot of power and discretion.


Tara B
We just had the same problem in our condo HOA in Phoenix, AZ. They raised the fee after spending all our reserves on "burst pipes" supposedly cost over $60,000 to repair 3 pipes. They scared all the community by saying if we didn't get the reserves back up then the complex would be in receivership and we would all lose our homes. We knew that wasn't true, but many uninformed people didn't know that wasn't true. I know for a fact, they spent money from the reserves when they were supposed to advise the community and that money could be used only with a vote, and they didn't do that. I wanted to sue their @** so bad.

We all voted no on the montly increase and then they did a revote and of course the answer was YES because they fixed the vote. They also threated really high assessments. Our complex had a very cliqueish HOA and they discouraged people from attending the meetings. My husband ran and became VP and quit after 3 months because they basically shot down anything he said, ignored his emails or sent such hateful mail we got scared that something bad would happen to us. We had poured over the handbook and CCR's and they were breaking so many rules it wasn't even funny.
They never posted signs, they never sent the minutes around like they were supposed to according to the CC&R's. We had a green pool for weeks until we called the board of health and they red tagged it, then the board got it fixed. The same with our natural gas bbq's, we called the fire dept who said they were installed wrong and could blow up at anytime. They got that fixed after being red tagged.
All of our roofs needed repair but they spent money on new signs and a new landscaper. They yelled at everyone who came to meetings saying they were the problem for not participating, but they didn't want people to participate because the more people involved, the more people would see how bad the whole thing was being run. Besides that fact, people not coming to every meeting didn't excuse them from THEIR responsibilities per the CC&R's and bylaws. Half the people in our complex were renters and the owners lived in Canada...did they expect them to come down monthly for a meeting? It was just stupid. Plus they changed the times and days so frequently without notice, people physically couldn't go because of work.
We tried fighting them for months, ultimately we put it on the market. There were 15 other units for sale in our complex, by some miracle we sold. And we sold to someone who was getting an FHA loan, and our condo complex wasn't FHA approved (it had been revolked 4 years prior for defered maintenence..big shock) but we thought the same thing. We had contact the attorney general and they claimed they don't regulate HOA practices. We all wanted to hire an attorney but no one wanted to put up the cash.
I spoke with a realtor who claimed there is are HOA regulations but I can't find them, so you might want to contact an attorney to ask a question about that or contact a realtor/title company who might know more about what action you can take. Our community was too disinterested and apathetic for us to take matters any further. But good luck and next time buy an older property without an HOA....we swear we will never do it again. This is a problem all over the country. Best of luck to you.


Heather
Rating
The only way to affect the HOA is to change the HOA. Find out when the next meeting is...and go to it. Get the budget for the year and find out how the money is being spent. <They may be subsidizing new amenities or fixing the ones that you have so that they aren't so "crappy"> The HOA has to have a charter and within it there should be a description of how members are elected and what their limitations are. Run for office next time...vote out the members that are currently in office. All in all--you have to do something active. Once the assessment is set...you are going to have to go through these channels (and probably more) to get them changed.

You could also start a petition and get your neighbors (and hopefully a significant portion of the neighborhood) to sign it. That MAY help reduce the assessment...but only if they board hasn't already spent the money.


&quot;Einstein&quot;
Rating
What you need to do is crunch the numbers. First, find out how many people are paying this fee, then find out what exactly it is paying for and then go from there.....who is being paid with these fees? A gardener, a pool cleaner, a janitor/handy man and a landscaper. There are also fees that go towards hiring security. After figuring all this out you may want to create flyers that ONLY the other homeowners know about....and remember, some of these homeowners may be on the board, so be careful.... With these flyers you can have your own meetings to figure it out before someone goes before the board or committee or whatever it is.... IE: Be prepared always before you question anything. You won't be able to do anything unprepared and just complaining, you must have the numbers crunched first. Besides, remember, you probably signed something when first moving in that had it in the small print. Look that up as well. Be well, and good luck and email me if you need any help... Jack


bostonianinmo
Well, having owned a couple of condos over the years, I noted that the people who screamed the loudest about HOA fees are the ones who NEVER showed up for the association meetings. They never took part in the process. Never ran for office. Never volunteered to help keep the pool and clubhouse clean. Yadda Yadda.

You're either part of the problem, or you're part of the solution.


?
Rating
it's a catch-22 situation isn't it ? they know they have ya by the nads


Corn_Flake
I would consult a lawyer.
This might be a situation where state laws differ. At the least, you should specify your state so that a responder on Yahoo Answers can give you correct info.

That sucks. Good luck!


Conrey
Rating
Let me tell you who will want to buy your unit. Someone that is paying a lot more than 420.00 I just moved from an area where the condo I lived in went to 2300.00 we did have nice amenities plus we were close to a golf course, enclosed parking, no maintenance. If your HOAA (Home Owners Association Agreement) does not have a ceiling and does not have a l% cost of materials clause then don't sign it. Clean it up to sell and move on you can buy a better house with an additional 350.00 mortgage payment. Don't let them choak your paycheck. Your not the only one that has been going thru this menisis.


mahree
Wow! Your HOA should have supplied you with an estimate of annual costs at the beginning of the fiscal year and an annual report of what they actually spent at the end of the year...shouldn't the homeowners have voted on the increase? Could you be like me and hardly read the additional inserts that they put in with my monthly statement? Go to the next meeting and ask for these reports and go over them....But that is still an outrageous increase.....


Cardinal Rule
Never buy a piece of property in a HOA community. Problem solved.


dagconst1
that`s outragious


Hamtaro
Rating
no


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