“Our 2017 CHPPI survey, which rates the level of concern on more than 50 commonly reported topics and issues, found that a broad spectrum – from voting and election procedures to power of the board to fine owners – were viewed as major problems within condo associations and HOAs by respondents,” said Sara Benson, a CHPPI advisory member and president of Association Evaluation. |
“I
am not aware of any state that requires associations to disclose to a
buyer that an HOA or condo association has the power to foreclose on a
homeowner to collect alleged money due,” said Bartholomew. |