( CORONA   in sync with   ALTACITIES ) Here at TRILOGY GLEN IVY, the Shea/TWC suit (circa 2010) by TGMA is approaching a 5-year anniversary.  Homeowners were curiously sent an "status report" letter just recently by the lead plaintiff in the suit (our original HOA builder) and we were told that a response to that letter is due soon from the attorney four HOA board. The builder attorney disclosure to homeowners is a rare event. For sure, association boards always consult with legal counsel when a situation does not fall squarely within the mandatory disclosure categories. Failure to disclose may result in liability for the association, but giving too much information can also cause problems for an association.  Are we now getting too much information? ▶ Flip②▶  STORIFY  ♥  FLIPBOARD ★  BLOGGER  ▲ ALTACITIES  ® ▶  TWITTER [ View the story "HOA: Too litigious?" on Storify ]

Our 1317-unit HOA (with 170 condo owners within) is not fully available to all potential buyers.  The community south of Corona in the Southern California Inland Empire is not FHA certified for a couple of reasons: 1) the existence of a a mandatory, developer imposed community development fund that places an escrow fee of .5 percent of the sale price on all properties, and 2) a specific unresolved legal case by the HOA against the original developer of a backroom deal for telecommunications. Such impediments to FHA (even VA) certification are not unusual, but the State of California now requires HOAs to make these disclosures public.  That could be a good thing. Flip②▶ STORIFY  ♥  FLIPBOARD  ★  BLOGGER  ▲ ALTACITIES  © Now with 3,600+ followers on  http://socialcurrent see.com  and the sites above  in affiliation with   http://demaconnect.com [ View the story "Financing your HOA buy via FHA, VA?" on Storify ] ...