Friday, April 29, 2005

The HOA can easily FORECLOSE on your home

Excerpt from article by Amy McCorkle entitled "My First Annual HOA Meeting: What a Fiasco"

If the HOA becomes involved in a lawsuit EVERYONE in the HOA pays for that lawsuit. Lawsuits can build up to tens of thousands of dollars quickly. Do you really want to spend YOUR money on lawyers to sue someone over something as petty as a weed, or fence stain color, etc… Good luck trying to sell your house if the HOA is involved in a lawsuit.

Having a HOA is NO GUARANTEE that people will keep up their properties or not do anything outrageous. There are many HOA’s now that look worse than non-HOA communities. The city ordinances are there to keep the ‘cars off blocks and yards from becoming jungles’. The CITY will enforce those rules. Once again, do you really want to spend YOUR life savings to pay the HOA to sue someone to enforce the deed restrictions, when you can call the city and have them enforce the ordinances?

You have given up your property rights and have agreed to be governed by your neighbor in the form of a HOA. Do you really want your neighbors telling you what to do? What if you and your neighbors don’t agree on what color to stain a fence? Is it worth losing your home over, or your life savings?

Do you really want to spend the rest of your life paying $300 a year to landscape the front entrance and to force your neighbors to ‘comply’ through expensive lawsuits that YOU have to pay for?

Do you really want to have to ask permission of the HOA board when you want to do ANYTHING with your property? There is already selective enforcement going on and forcing someone to comply through expensive lawsuits will cause EVERYONE in the HOA to pay for that lawsuit. And who does the ‘board’ or ARC ask permission from when they want something done – no one! They can do what they want! And they get to dictate their personal tastes and opinions on you.

Do you want to continually live with the threat of having to pay for a lawsuit or face foreclosure? As long as we have the HOA, especially with an over-zealous board, this is a very real possibility.

Do you really want to pay extra for ‘deed restriction compliance’ when the city will do it for FREE? Your tax dollars are already paying for this service. We can turn over the ‘common areas’ for the city to maintain.

I don’t want to be micro-managed on my own property by my neighbors, do you?

Source: Texas Homeowner Association News

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