-
Common Reasons for an HOA to Suspend Privileges
An HOA is an organization that governs a residential community, making and enforcing rules to maintain the appearance, safety, and value of the properties within it. When you purchase a home in an HOA-governed neighborhood, you must abide by its rules and regulations. When an HOA member fails to comply with the association’s rules or…
-
Does My HOA Need an Attorney?
If you are a member of an HOA, you know that managing a community can be challenging. HOA board members are responsible for governing the community, enforcing rules and regulations, and managing the finances. However, when it comes to legal matters, it is crucial to have an HOA attorney. How Can an HOA Attorney Help…
-
Legal Considerations for Amending HOA Bylaws and CC&Rs
Homeowners associations (HOAs) are subject to various legal requirements and regulations, which often require amendments to the HOA bylaws and covenants, conditions, and restrictions (CC&Rs). Making an amendment is a long process that requires due diligence, transparency, and approval from the appropriate parties. HOA bylaws are the governing rules for the HOA. These bylaws outline…
-
What Are the Risks and Benefits of Buying a Foreclosed Home?
For those in the market for a home, foreclosures are an attractive option. While the potential to save money is always appealing, there are several risks associated with buying a foreclosed real estate property that must be taken into consideration. The most common types of foreclosures are pre-foreclosures, judicial foreclosures, and trustee sales. Pre-foreclosure is…
-
How Do Lease Buybacks Work?
A lease buyback, also known as a leaseback, is a real estate transaction in which the seller sells the property to the buyer and then leases it back from the seller for a short period of time. Both the seller and the buyer can benefit from this transaction as long as everything goes well, which…
-
What Are the Benefits of Setting Up an HOA?
A homeowners’ association (HOA) is a non-profit organization that maintains and enhances the quality of life in the development while protecting property values. An HOA can be beneficial for both homeowners and developers alike, but it is important to understand what setting up an HOA entails before starting one. The main benefit of an HOA…