Question

 What if a a home owners association goes bankrupt?

Answer Your state law and governing documents require certain performances by the association's board, which probably includes master insurance policy coverage, basic utilities, reserve study contribution... Read More »
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Top Q&A For: What if a a home owners association goes bankrupt

How do you get out of a home owners association when your builder-developer is going bankrupt?

You cannot necessarily separate your property from a home owner's association because the developer is in bankruptcy. If the remaining property is sold to a new developer it would acquire all the r... Read More »
http://wiki.answers.com/Q/How_do_you_get_out_of_a_home_owners_association_when_your_bui...

What is the difference between a property owners association and a home owners association?

There really is no difference, except for the styling of the name. Both organizations operate through covenants and bylaws recorded against a group of properties with the goal of making said proper... Read More »
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Are fines imposed upon home owners for rules violation legal and collectible in a home owners association?

If the violations and fines are set forth in the associations's covenants and bylaws, yes, they are.
http://wiki.answers.com/Q/Are_fines_imposed_upon_home_owners_for_rules_violation_legal_...

What are the legal disclosure obligations of a Home owners association to a seller member of that Homeowners association?

You may be referring to an inclusion in the purchase/sale agreement documentation packet which details the status of the unit and documents the status of certain business aspects of the association... Read More »
http://wiki.answers.com/Q/What_are_the_legal_disclosure_obligations_of_a_Home_owners_as...


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