HOA News, Advice, and Tips
So now you’re on the Board of Directors. Has a pretty good ring to it doesn’t it? You’ve seen some ineffective actions and unjust rulings and you are determined to make a difference; so you volunteered, well maybe you were coerced into running. However it happened that you gained your seat on the board, it […]
Continue ReadingBeing an HOA or condo association board member is a very peculiar occupation. Technically, you are a volunteer, but the idea of what a volunteer really is in this situation may feel distorted from how it’s normally interpreted. Take the case of Reed Sandridge, who runs the blog YearofGiving.org. Sandridge participated in 52 volunteer opportunities […]
Continue ReadingAlong with a new year comes a set of new challenges, and being prepared for them is the first step towards reaching your goals as a community association in 2012. Here is a list of the top five issues we predict community associations will face this year – with tips on how to overcome them: […]
Continue ReadingEverything seems to be going well, the elections are over and the new Board is settling into their positions. Then suddenly, an abrupt, unexplained resignation by a board member or members leaving the remaining Board members in chaos and creating an unpleasant murmur among the residents. What happened? Board vacancies often occur due to expiring […]
Continue ReadingThe $100 down payment HUD program in Charlotte and surrounding areas allows people to buy homes in which they plan to live, using an FHA loan, as long as they offer HUD the full amount at which the home is listed. Using the HUD $100 dollar program has great benefits including seller paid closing costs […]
Continue ReadingIn today’s housing market, mortgage and interest rates are at their lowest in years. It is definitely a buyer’s market. However, more and more mortgage lenders are becoming increasingly scrupulous when examining your mortgage loan application. While the United States is still shrouded in economic uncertainty, mortgage lenders are fearful of borrowers who may default […]
Continue ReadingNew to a community association and interested in getting more involved? Think about serving on your community’s board of directors. How does the board get elected? At the annual meeting of the association by the homeowners within the community, unless: The community is under development, in which case, most of the time, the board consists […]
Continue ReadingDo you have the proper coverage to protect volunteers as well as committee members? One area of community association insurance that is always a little vague to most of us is liability coverage for elected board members, as well as insurance coverage for appointed officers, and committee members operating under the jurisdiction of the board. […]
Continue ReadingThe deed restrictions for your community probably require written permission from the Architectural Control Committee (ACC), Architectural Review Board (ARB) or board of directors before any changes, alterations or additions are made by an owner/resident to the interior (structurally) or exterior of a home. In response to these legal requirements, some associations and management companies […]
Continue ReadingThe more new volunteers know about the history of their community, on-going projects and future challenges, the sooner they will become active and constructive board members. Providing the information “up front” is much better than the newly-elected board members having to constantly ask or learn it when crises arise. Listed below are some steps you […]
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