InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Not understanding the question. Posted by JK (the other JK) on May 13, 2010 at 9:17 AM In Reply to: special assessments hoa posted by gc on May 12, 2010 at 8:17 PM : Can someone tell me why some people get overly concern with special assessments for condo rentals? I seems logical to me that you either get charged a high HOA dues, or you get low dues with a special assessment now and then, or your dues go up slighly now and then. I mean the Hoa has to pay for upgrades to the property somehow. I would love to hear some comments from investors with more experience on this topic. When you write "some people get overly concen with special assessments for condo rentals" , are you referring to buyers, lenders, investors or who? In some complexes it is becoming a HUGE problem. Suppose a bunch of units are in foreclosure and those owners are not paying their HOA dues and then a new roof or major plumbing repair is in need. It could be a huge bill for owners that are paying their dues. Follow Ups: Re: Not understanding the question. Gc 7:17 PM, 05/13/10 (2) Nothing new... Rick Harmon 10:30 PM, 05/13/10 (1) Amen gc 4:10 PM, 05/14/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Can someone tell me why some people get overly concern with special assessments for condo rentals? I seems logical to me that you either get charged a high HOA dues, or you get low dues with a special assessment now and then, or your dues go up slighly now and then. I mean the Hoa has to pay for upgrades to the property somehow. I would love to hear some comments from investors with more experience on this topic. : When you write "some people get overly concen with special assessments for condo rentals" , are you referring to buyers, lenders, investors or who? : In some complexes it is becoming a HUGE problem. Suppose a bunch of units are in foreclosure and those owners are not paying their HOA dues and then a new roof or major plumbing repair is in need. It could be a huge bill for owners that are paying their dues. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455