If the HOA is not following up on things like violations and foreclosures, as it is deemed by the bylaws, can a homeowner or group of homeowners sue?
2006-07-25 12:05:49 · 4 answers · asked by Bob J 2 in Business & Finance ➔ Renting & Real Estate
Home owners associations have nothing to do with equity. Equity is the market value of your home less any debt incurred.
If they aren't following up on violations, bring it up at the next meeting, fire the president, and elect new members. You really can't sue them for loss of equity.
2006-07-26 10:03:38 · answer #1 · answered by akc1106 4 · 1⤊ 0⤋
you may desire to verify with the Articles of Incorporation and/or Bylaws of the HOA. each and every proprietor might desire to have one, so the two verify with your neighbor or your landlord in case you have not have been given one accessible. it is going to define what's the duty of the HOA and what's the duty of the owner. Such scope of prevalent jobs between the vendors and the HOA selection between HOA so it quite is the source to settle the dispute. often, what's outdoors is the HOA's duty and what's interior is the owner's duty (e.g., outdoors portray and roof). The storage door spring is technically interior and advantageous to be the owner's duty.
2016-12-10 14:26:11 · answer #2 · answered by ? 3 · 0⤊ 0⤋
If the HOA is in breach of contract you can sue to recover you losses. You will need to prove loss and that it is because of
the HOA's conduct.
2006-07-25 12:10:25 · answer #3 · answered by Kenneth H 5 · 1⤊ 0⤋
Check with a real estate attorney on this one...the answer is,yes, sometimes. Find out what the "sometimes" are.
2006-07-25 12:44:51 · answer #4 · answered by Wiser1 6 · 1⤊ 0⤋