You are not likely to find information for this in the meeting minutes, and it may not be so evident in the financial statements! So, it behooves the potential buyer to talk specifically with homeowners about this issue or attend an HOA meeting in advance where you are likely to observe the dynamics of the Board and hear what is going on that never makes it into the minutes!

Rogue Boards can survive because they are protected by the governing docs of the association, the CC&R’s. And worst of it, proceeds from your dues may be used one day to protect them in a legal battle. Going against them, overthrowing them is no easy task.

For example, converse to your statement about rules & regs, what do you do about Board members who break the rules and then selectively enforce and fine homeowners for breaking other rules? This scenario could never be anticipated by a potential buyer, they have to talk to other homeowners.

The strength and success of an HOA relies heavily on the members of the Board. Sadly, often times it is individuals with agendas and power seekers who end up on HOA Boards, rather than those who responsibly assume the welfare of the homeowners and their largest investment, their homes!

One of these days, there will be legislation passed to protect the homeowners rights, because that is sorely missing with the current laws. Simply stated, HOA Boards will need to be held accountable.

Buying a condo can be more complex than buying a single-family home. For a successful purchase, make sure to perform proper due diligence, including conducting a visual inspection, review of governing documents, budgets, meeting minutes, insurance and

Buying a condo can be more complex than buying a single-family home. For a successful purchase, make sure to perform proper due diligence, including conducting a visual inspection, review of governing documents, budgets, meeting minutes, insurance and