A faithful reader, appraiser Steve Cole, suggested that in my next Update on the subject of homeowners’ associations, I should discuss the ins and outs of architectural review, also known as design review. If you have ever lived in a neighborhood governed by, or otherwise had to deal with, a homeowners’ association, you have probably […]
Posts Tagged ‘hoa’
REAL ESTATE LAW UPDATE: September 2017 It Is Possible For Your Homeowners’ Association To Take Your House, But Only If You Don’t Follow The Rules And They Do
The Arizona Republic recently published an investigative series about homeowners who have lost their houses as the result of foreclosures by their homeowners’ associations. As happens periodically, some people have pointed to these events as demonstrating the need for closer government regulation of homeowners’ associations. My own view is that the process by which homeowners’ […]
REAL ESTATE LAW UPDATE: June 2015
How Does the Homestead Exemption Work, and
Should It Allow You to Not Pay Your Homeowners’ Association Assessments?
Most homeowners have probably at least heard of the homestead exemption. Many probably don’t fully understand how it works, however. The homestead exemption protects up to $150,000 of equity in your home from the claims of creditors (with some important exceptions that I will discuss in a moment). What do I mean when I say that […]