With the current prevalence of identity theft, it’s not surprising that data protection has become a significant concern of homeowners when entrusting their information to a Homeowners’ Association (HOA). And privacy should likewise be a chief concern of HOA boards. Associations, and particularly their board members, are regularly entrusted with homeowners’ sensitive, confidential materials, often including personally identifiable information like social security numbers and financial information like credit card and bank account numbers. Many state statutes impose legal obligations for the protection of this kind of sensitive information.
Read MoreFinding the homeowners' association linked to a property can sometimes be frustrating and time-consuming. The good news, is that you may not have to drive down to your county's office to retrieve the HOA information you need, thanks to google. This article will attempt to help you save time by giving you step by step instructions and directing you to the right government agencies where the homeowners association information and documentation are usually stored.
Read MoreWhether you are buying or selling a home that is a party to an association, we know how important it is to complete the transaction the right way so as to not upend the lives of you and your family. Today’s article will provide the guidance you need—either as a buyer or seller—to operate with confidence regarding the home transaction. We will address where these disclosures come from, how they balance the rights of buyers and sellers and clarify once and for all the difference between disclosure and transfer fees.
Read MoreHomeowners' Association laws vary considerably from state to state. But the right of homeowners to inspect association documents is uniformly recognized. After all, as a homeowner, you are a member of the association, and the ultimate purpose of any association is to benefit homeowners. Just as the shareholders of a corporation have a right to know about the financial status, management, and assets of the business they own, so, too, do HOA members have a right to stay abreast of association budgets, expenditures, and financial transactions.
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