See the news & stories ▲altacities®▲...




[ Flipboard Archive ]

NV court rules on HOA foreclosures

The last thing any homeowner wishes to happen is foreclosure on his home.  For sure, that problem is one of the worst financial disasters for any homeowner, but it is also a disaster for lenders, notably so if the dwelling is located within an HOA.  Typically, HOAs have been in a privileged position on foreclosures, that is, they stand at the front of the line before banks and mortgage lenders due to a lot of reasons.  But the world may be changing when some states (like Nevada) change the game.

Flip②▶STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ALTACITIES ©
Now with 1,000+ followers on http://socialcurrent see.com


Comments

Post a Comment

Popular posts from this blog

The CA DSA Helps Ensure Open Governance, Yes or No?

Image
🏛️ The purpose of the Davis–Stirling Act in ensuring open governance in California homeowners associations (HOAs) is rooted in the principles of transparency, accountability, and owner participation . The law mandates open operations for HOA boards because these boards function like local governments—making rules, levying fees, and enforcing penalties that affect property owners' rights and finances. ⚖️ Key Purposes for Open Governance under the Davis–Stirling Act: 1. Transparency of Board Actions HOAs must hold meetings in a way that homeowners can observe, attend, and participate . Open Meeting Act (Civil Code §4900–4955): Requires that board meetings (with few exceptions) be noticed and held in public. Prevents decisions being made behind closed doors unless legally permitted (e.g., legal issues, personnel matters). 2. Homeowner Access to Information Homeowners have the right to: Receive advance notice of meetings and agendas (Civil Code §4920). Revie...
Read more

Caveats about HOA CC&Rs

Image
Anyone who lives or has lived in a common interest development (aka homeowners association or HOA) has certain cognizance of the covenants, rules, and conditions (CC&Rs) of those "private government" communities.  Virtually every conflict that can and will arise in these locations is the result of CC&Rs that were initially drafted by the community developer and then perhaps altered or amended by the HOA attorneys.  Sometimes those changes need enabling legislation at the state level, but that is a whole different matter.  If the HOA lobby is not 100% behind those changes, the local HOA homeowner has little chance of effecting the change. Earthquake Insurance | CBS SF Bay Area | Condo owners are denied affordable earthquake insurance. Consumer reporter Julie Watts investigates the insurance policy loophole. |   VIDEO  ▶ Flip②▶  STORIFY  ♥  FLIPBOARD  ★  BLOGGER ▲ ALTACITIES  ® ▶  TWITTER See more in the 'social c...
Read more

#HOA 'Gray Laws'▶ #SocialCurrentSee

Image
Flip②▶ #SocialCurrentSee by #ALTACITIES and #CANSWERIST ▶ Circa 1985 and the origins of the California Davis-Stirling Act governing HOAs pic.twitter.com/AImrsBR9SB — Mike Foxworth (@ALTALOMAN) March 14, 2017 With more than 9 million Californians as homeowners, residents of common interest developments (aka homeowner associations or HOAs), it stands to reason that there is a specific body of law to help govern these communities. Of course, that law is the Davis-Stirling Act (DSL), extant since 1985. Did you know?  The prime-position author of that law, the notable former and recalled Gov. Gray Davis actually did not write the law, but relied upon a San Diego law professor for the content with cooperation from fellow attorney and former CA Assemblyman Lawrence Stirling. The summary story is shared in the archive above. Actually, the origin and authorship standings for the Davis-Stirling Act is not really that unusual in California.  In order to get bil...
Read more