Items Tagged with 'HOA'

ARTICLES

  • HOA fees rose the most in these top metros

    One city saw increase of more than 75%
    One of the few things that may be increasing faster than home prices is homeowner association fees, which increased at double the rate of the median home price from 2005 to 2015. In some of the most expensive markets, HOA fees can total over $500 per month, and take up more than 40% of monthly housing costs. Trulia’s new study shows markets that saw the highest increase.
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  • How to defend against disruptive Airbnb neighbors

    Some may not be legal-how to find out
    For those that are concerned about a neighbor who is using Airbnb, there is legal action you can take. HousingWire’s interview with the chief legal officer from Avvo shows homeowners steps they can take in order to fight back against these sometimes unwelcome neighbors.
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  • Sperlonga starts reporting HOA data to Equifax

    Latest step toward trended credit data
    The latest news from Sperlonga, a data aggregation business for non-standard credit data sources, falls in line with recent industry events to help create a better picture of borrowers’ credit scores. Sperlonga announced it will start reporting homeowner and condominium association payment and account status data to Equifax.
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  • Court of Appeals rules that Nevada HOA liens do not supersede first mortgages

    Older version of state's laws ruled unconstitutional
    Mortgage lenders and investors needn’t worry about whether a homeowners' association super lien will be given priority over a first mortgage in the state of Nevada, at least for now. According to an alert published Monday by Ballard Spahr, the Ninth Circuit Court Appeals ruled last week that an older version of Nevada's laws, which previously gave super-priority status to HOA liens, is unconstitutional. Here's the skinny.
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  • Monday Morning Cup of Coffee: Condo legislation finally a law; Brexit impact on refi apps

    The HOA saga continues
    As one of his last housing accomplishments before he leaves office, President Obama signed H.R. 3700 into law on Friday, which will dramatically improve long-fought restrictions on Federal Housing Administration financing for condominiums. Meanwhile, 2.8 million borrowers should be thanking Brexit right now for their positive financial situation.
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  • Texas court upholds MERS right to claim lien

    Electronic registry countersued for its rights
    Summit Residential Services acquired an interest in the subject property following a foreclosure sale conducted by a homeowner’s association — and moved to clear title. Summit was granted judgment in its favor; extinguishing a MERS lien. So, MERS countersued in April 2014, and won.
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  • Is Nevada’s HOA solution just another problem for mortgage servicers?

    Exercising the new right of redemption on HOA sales
    Redemption requires timely and reasonable cooperation by the purchasers, the same purchasers that the servicers have been litigating with for the last several years. As a result, exercising the right of redemption could very well lead the servicer into quiet title litigation, again. Here's what you need to do.
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