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To: fwdude
I can't tell you how many people go into these purchase deals absolutely blind to all that is involved, and then become shocked when they have to pay dues and follow the often stringent rules.

That's pretty understandable actually. Around here the HOAs will not let you see the agreement until you are at the closing. It's pretty much too late at that point to turn back. We walked away from a couple of properties because I wasn't going to get myself in that position.

17 posted on 06/27/2014 6:28:29 AM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: Straight Vermonter

Then you are one of the smart ones. Most people have no business assuming the responsibility of home ownership if they won’t even read the controlling documents.


18 posted on 06/27/2014 6:30:42 AM PDT by fwdude (The last time the GOP ran an "extremist," Reagan won 44 states.)
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To: Straight Vermonter
We walked away from a couple of properties because I wasn't going to get myself in that position.

We told our agent we didn't even want to look at houses with HOAs.

It is getting harder and harder to find new houses that don't have them. You can't even buy a new house in the town I live in without having to sign away your right to free association.

 

31 posted on 06/27/2014 8:31:00 AM PDT by zeugma (It is time for us to start playing cowboys and muslims for real now.)
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To: Straight Vermonter
Around here the HOAs will not let you see the agreement until you are at the closing.

Make your offer subject to reviewing and approving the current HOA agreement during the attorney review. If the seller wants to sell, he will provide it.

40 posted on 06/27/2014 2:57:51 PM PDT by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
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