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ALTACITIES® ▶ HOA ‘Business Judgment Rule’

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VIDEO  ▶ SLIDESHOW THIS SITE DOES NOT GIVE LEGAL ADVICE Enter your email address: Delivered by Feedburner Homeowners won’t reside long in a California Common Interest Development or Homeowner‘s Association (HOA), without coming to face with the state corporations code . Even though officers and directors are deemed fiduciaries, boards are not required to make the "right" decision. Rather, they must make what they believe to be the best decision for the corporation with the available information. Corporations Code §7231(a) protects directors from personal liability if they make decisions that result in damage or loss to others, provided their decisions were made: In  good faith ,   In a manner which the directors believe to be in the best interests of the corporation, and   With such care, including  reasonable inquiry , as an ordinarily prudent person in a like position would use under similar circumstances. The most-often cite...

#SocialCurrentSee▶ #HOA roommates?

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▶ #HOA roommates? http://altacities.com Follow @ALTALOMAN http://socialcurrentsee.com Deborah Goonan , Independent American Communities , browses far and wide through the some 338K USA homeowner associations to uncover perplexing issues, some that confound the mind. Such is this account from Sherwood Court, MN, and like the source, you may be amazed and concerned. You can read the details, but the clarion lesson is that homeowners who contemplate paid roommates in their dwellings better understand their HOA CC&Rs and don't let the HOA attorneys get involved in the dispute. http://altacities.com http://socialcurrentsee.com #ALTACITIES Blogs

SocialCurrentSee®▶ #IRSScams

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Flip②▶# BrowseonPurpose  on  @ Storify   ▶ https://goo.gl/hPukzK Flip②▶# SocialCurrentSee on  Flipboard   ▶   https://goo.gl/Vcibgc Flip②▶# BrowseonPurpose  on  @ Storify   ▶   https://goo.gl/CK0kQh posted in TRILOGY , including ... TWITTER   ▶   BLOGGER   ▶  FLIPBOARD via AMAZONeXNG ▶  http://socialcurrentsee.com   ▶ ▶  http://altacities.com   ▶ ▶  http://browseonpurpose.com   ▶ ▶  https://twitter.com/ALTALOMAN   ▶ SocialCurrentSee®▶ #I .R.S.Scams ('Dirty Dozen' archive) by #ALTACITIES ▶ @Storify : Beware and be aware! RT▶ https://t.co/pDQ5F95eUq — Mike Foxworth (@ALTALOMAN) June 16, 2016 # SocialCurrentSee : The Twitter @Storify clip posted here is based on the hashtag  # IRSScams , another term and social media moniker frequently archived in # ALTACITIES ...

HOAs: Knowing what we don't know

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As I have revealed before, in November 2011 we moved into our current residence, what we expected to be our final home purchase for retirement.  We also moved into a common interest development (CID or HOA, homeowners association) of 1317 units, including 170 condos (our choice).  Little did I know then what I know now.  Not that there are some benefits, pleasures, and perks that come with HOA living. My caveat: Just weigh all the facts before you make that purchase. While you are reading the lead story of this clip, make sure you visit the many reader comments on the topic. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ ALTACITIES © Now with 2,220+ followers on http://socialcurrent see.com [ View the story "HOAs: Knowing what we don't know" on Storify ] "Excellence is to do a common thing in an uncommon way." ~Booker T. Washington #dailyqotd #qotd http://t.co/fq1zI7UyVq — Mike Foxworth (@ALTALOMAN) July 28, 2015

Read this before you buy property in Mexico

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Baby boomers today in California are notable for their purchases of retirement homes or second homes South of the Border and even in some South America countries. Smart buys outside the USA require some extra due diligence and inspection of legal pitfalls. As noted in the following clips, errors of judgment or failure to obtain all the details may result in a sudden loss of ownership after a significant investment of life savings. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ ALTACITIES ® [ View the story "Beware of Mexican condo heists" on Storify ] "There is only one thing that makes a dream impossible to achieve: the fear o... #dailyqotd #qotd http://t.co/fq1zI7UyVq — Mike Foxworth (@ALTALOMAN) May 21, 2015

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