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

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Steve Hoffacker 10/08/2010 12:50 PM
Topic:
Home Buying
Location:
Virginia
Groups:
VIRGINIA
The Law of the Land
Silent Majority
Real Estate Law
Politics And Real Estate
Tags:
fair housing
homes for rent
property management
hoa

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Rainmaker
450,295
Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
50% Commission Rebate with Experience & Expertise

Good things to look into before buying a condo.  So many things to worry about.

Oct 08, 2010 07:53 AM #1
Rainmaker
1,180,398
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

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

Oct 08, 2010 08:01 AM #2
Rainmaker
1,591,759
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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.  

Oct 08, 2010 08:49 AM #3
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Steve Hoffacker
Hoffacker Associates LLC - West Palm Beach, FL
New Home Sales Trainer/Coach, Sales Books Author

Wallace,

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

Steve

Oct 08, 2010 12:49 PM #4
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Steve Hoffacker
Hoffacker Associates LLC - West Palm Beach, FL
New Home Sales Trainer/Coach, Sales Books Author

Wallace,

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

Steve

Oct 09, 2010 10:01 PM #5
Rainmaker
1,089,501
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

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

Nov 24, 2010 01:03 PM #6
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Rainmaker
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Wallace S. Gibson, CPM

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