While there is a long list of negative affects coming out of home repossessions as well as a decent sized list of the opportunity those home repossessions offer to home investors, first time buyers as well as people just looking to move up into a nicer home. However this article explains a new epidemic of yet again the ruthlessness of HOA’s across America and how it affects you.
Condominiums and houses alike have HOA’s
Keep in mind that this might not have as strong as an effect as it does for those of us that own condominiums with sometimes layers of HOA’s within. if that is the case there is a good chance you will have some type of corruption within one of the layers. Don’t get me wrong, HOA’s are important in keeping a solid place with well needed rules especially in this moment in time in the United States where the rules will constantly be challenged one way or another. The problem is that once an HOA is established, it never fails that a corrupt or power hungry individual will somehow get in and once in will do everything in their power to stay in, including but not limited to rigging future elections, making sure never to have a quorum, among many other abusive things they can do and HOA’s might show as if they are regulated but the reality shows different and they are frankly untouchable unless of coarse they start to scrape some funds in which eventually they will get caught. [Read more…] about Home repossessions having a negative long term impact on homeowners