Condo Purchasers * Ask about FAIR HOUSING COMPLAINTS Against the HOA

By
Real Estate Broker Owner with Gibson Management Group, Ltd.

Real estate agents representing buyers and sellers of condo/HOA units should be asking for a detailed list of pending litigation AND fair housing complaints when getting HOA financial packages.....even if there is no budget item for attorney/legal fees.

 


This complaint by the VA AG's office shows how important reading the HOA rules and regulations AND asking about current or pending litigation impacts would-be buyers and sellers.

Sellers should have copies of the board minutes as well as annual meeting minutes and review the board's actions that may not have been done in accordance with local, state and federal laws.

 

http://hamptonroads.com/2010/09/state-sues-community-over-ballplaying-ban

close

Re-Bloggged 1 time:

Re-Blogged By Re-Blogged At
  1. Steve Hoffacker 10/08/2010 12:50 PM
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Home Buying
Location:
Virginia
Groups:
Politics And Real Estate
Real Estate Law
Silent Majority
The Law of the Land
VIRGINIA
Tags:
fair housing
homes for rent
property management
hoa

Comments 6 New Comment

Rainmaker
979,381
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

That is a good tip that is not always thought of... thanks for the heads up

October 08, 2010 08:01 AM
Rainmaker
1,280,214
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

I had not thought of that either.   We always get the Board's minutes, financials, etc. shortly after the properties go U/C, so will add this piece of advice to my list.  

October 08, 2010 08:49 AM
Ambassador
1,895,058
Steve Hoffacker
New Home Sales Trainer/Coach, Sales Books Author
Hoffacker Associates LLC

Wallace,

Great ideas. We know to ask about the budget, reserves, and solvency, but pending litigation is a great issue to know about. :)

Steve

October 08, 2010 12:49 PM
Ambassador
1,895,058
Steve Hoffacker
New Home Sales Trainer/Coach, Sales Books Author
Hoffacker Associates LLC

Wallace,

Congratulations. This post is now featured on "The Law Of The Land." :)

Steve

October 09, 2010 10:01 PM
Rainmaker
1,056,080
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Most real estate agents and few owners would EVER think to question this and they certainly should!

November 24, 2010 01:03 PM
Rainmaker
1,056,080

Wallace S. Gibson, CPM

LandlordWhisperer
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Locations of visitors to this page nascar girl icon Pictures, Images and Photos Real Estate Blogs - Blog Rankings