Homeowners celebrate temporary win over $60K special assessment request
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- Опубликовано: 29 сен 2024
- Homeowners at the Villas Of Carillon in Feather Sound received a temporary victory just days after they were shocked by a $60,000 special assessment their HOA board wanted them to pay.
Thursday night, at a special meeting, the owners packed the room and got their wish to hold off on any decisions about the assessment for now.
“So that we're able to get additional documentation, review all the financials, see how they got to these numbers,” resident Tammy Rodeffer said.
Margaret Kras and her husband and other residents got letters saying the HOA underfunded its reserves for years, and now everyone needs to pay up to $60,000 through one of four ways.
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Florida real estate market looks like a shit show, all these stories of HOA or the insurance crisis,etc.
Don't buy any condos in Florida. You have been warned.
Please note that this is a 2 story townhome community, not a condo so many of the laws that have been recently passed dont apply.
Wrong.
@@mike-uw6wtwhich part of what I said is wrong?
Exactly 👍
They are very different!
HOA= homes
Condominium Association= apartments building.
The new laws apply only to condominium associations!
@vilorio6 An HOA IS a condo development, lmao.
The shape of the building is irrelevant, it refers to the governance structure of community.
This is the problem with Florida HOA's. They don't seem to understand that suicide is murder. If you CHOOSE to UNDERFUND your reserves (which THEY did), then your reserves will be SHORT (which it WAS). And if you do this for MANY years then it will be short A LOT. In all my HOA's I've been surrounded by these people. If you saw the docuement displayed in the last report it even said that homeowners chose to underfund their community for the last 20 years. Most people don't understand is that this community voted to cause the problem they have. Ya..... they did! How in the world do people think if they can't make installments (which they essentially voted down), that they'll be able to make a baloon payment later? I think most people think they'll be dead or gone by the time reserve expenses strike (like roofs, for example). The sad truth is that these people are not qualified to own homes..... and it isn't just them. This story is like someone being shocked that they were burning after they doused themselves in gasoline and set themselves on fire.
Yep. I would have Many questions, but it really wouldn't surprise me if the board resigned because they were fed up with members/owners complaining, so they said "Fine, YOU deal with it!" and the happy members/owners will elect a new board that will find out the exact same problems.
Lies. Reserves were depleted via financial fraud. Homeowners won’t have to pay.
@kerryedavis Yup, that is what will happen, except the new board will probably be inexperienced and clueless, meaning they will end up spending way more money in the long run.
It’s still only a temporary reprieve. If the assessment is valid they will still have to pay later if not sooner.
The problem is that the board needs to disclose how they came up with that 60k figure. Where was money spent prior to the assessment, what work is needing to be done, and why now?? HOA'S hate people looking at the books but they'd have if they want to impose these fees.
Sounds like the owners/members decided to "save money" by paying lower monthly assessments, and now, to coin a phrase, the chickens are coming home to roost. Many questions, but it really wouldn't surprise me if the board resigned because they were fed up with members/owners complaining, so they said "Fine, YOU deal with it!" and the happy members/owners will elect a new board that will find out the exact same problems.
It’s not valid. They won’t have to pay it because it’s an illegal assessment.
HOA boards are volunteers. Good luck finding a someone else volunteer to sit on this board.
low reserves? sounds like poor financial management from past boardmembers (their own neighbors).
Common. Do you have a reserve for your roof on your home? They pay as they go. When they need a new roof they hit up homeowners. The new law says they need to fund all their reserves so they’ll have the money when repairs are needed. So if your roof on your house is 15 years old is like saying you gotta cough up 15k now to fund your reserve even if it’s not leaking.
Usually low reserves is a result of owners pressure to keep monthly dues down. It is the owners themselves who have created the problem.
Very incompetent reporting. Questions. 1. What and when did the HOA board plan on doing with the funds. 2. And if there was to be a large expenditure planned who determined what to upgrade nd how much it would cost. Another video feed said the roofs needed replacement.
These are the same people that would have hit the roof years ago if they tried to raise condo fees to fully fund reserves. One thing I know for sure, good luck if you want to sell your unit. You now have to legally disclose your HOA isn’t fully funded.
And that it has a bad roof that will require 60k to fix. No one will buy knowing that, not unless there is a steep discount to the asking price.
Good to see the community work together, however the bill will still be there. Hopefully the residents will receive the documents for their review. They have every right to request financial documents to see why they need to pay such a hefty sum.
True, and I would have Many questions, but it really wouldn't surprise me if the board resigned because they were fed up with members/owners complaining, so they said "Fine, YOU deal with it!" and the happy members/owners will elect a new board that will find out the exact same problems.
How are you so certain the fraudulent bill will ‘still be there’?
@@juanvaladez5703 if it's actually about roof replacement etc, that doesn't go away with a new board. The bigger problem might be if they've been underpaying for years. Maybe if they were paying $50 or even $25 more per month for the past 20 years they wouldn't be in a big hole now.
@@juanvaladez5703 It's not fraudulent if it represents actual repair that's needed to deal with original construction issues, and/or age, weather, etc. It sounds like the sufficient funds for that work aren't available. And changing the board members doesn't make it go away. The likely problem is that the members chose to pay less towards maintenance than they really should have, for 20 years, and now they're coming up short. If they had been willing to pay $50 or maybe just $25/month more towards this, they might be able to cover it now. But I've dealt with HOAs before and it's not uncommon for the reserves to be inadequate because the members would rather "save money" in the short term.
@@kerryedavis How do you know? Do you live there?!
The bill still has to be paid since the repairs still need to be done. Plus, they will now have to do it without anyone managing the process since the board resigned. So basically they are up the creek with no paddle 😂. It is going to end up costing them way more than 60k as a result IMO.
As the saying goes, F around and find out, well, now they are going to find out. I would be very concerned about the situation if I were then, not rejoicing.
Not sure what they "won". If it's a scam I guess they won, if it's needed for repairs not so much.
Many questions, but it really wouldn't surprise me if the board resigned because they were fed up with members/owners complaining, so they said "Fine, YOU deal with it!" and the happy members/owners will elect a new board that will find out the exact same problems.
I’ve seen this comment three times. Stop lying. 🤥
@@juanvaladez5703 If I don't reply to individuals who bring up the issue, as well as a separate comment, the others don't see it. That's how YT comments work.
It's not fraudulent if it represents actual repair that's needed to deal with original construction issues, and/or age, weather, etc. It sounds like the sufficient funds for that work aren't available. And changing the board members doesn't make it go away. The likely problem is that the members chose to pay less towards maintenance than they really should have, for 20 years, and now they're coming up short. If they had been willing to pay $50 or maybe just $25/month more towards this, they might be able to cover it now. But I've dealt with HOAs before and it's not uncommon for the reserves to be inadequate because the members would rather "save money" in the short term.
She is not lying. That is what happened and what will happen. The roof is bad. It is going to cost 60k (probably more now due to delays). The new board will have the same problem.
Now a day if you live in Florida with HOA you can’t sleep good you traumatized what happening now so many issues regarding HOA plus Assessments fee
Three certainties in life : death, tax and condo association fees. You can delay them but they will catch up to you sooner or later.
Vote them out . Vote!! We did it!! That’s only 5,000 dollars in repairs. Hire your own repairman/woman .
Woman? Do do what? Sew on a button?
@@RadioRich100 Make me !!
I would recommend doing something outside of keeping the condo. If I comment it it would be sold out because it makes sense.
That is a HOA= Homes is not a Condo Association= Apartment Buildings,they have different types of association, you must differentiate them the have nothing in common
It is the same thing. A condominium community is a governance type, not a building type.
I am so glad I live in a SFH without an HOA
Everyone needs to sell and get out of there
A total joke and condo board is just waiting to screw over owners
I don’t think The board is out to screw anyone. They are doing what Florida law is mandating them to do.
Many questions, but it really wouldn't surprise me if the board resigned because they were fed up with members/owners complaining, so they said "Fine, YOU deal with it!" and the happy members/owners will elect a new board that will find out the exact same problems.
Desantis ruined Florida.
Greedy HOA and bad management.
Biden ruined America
He wants to put a table for a vote lol clown.
judgemental much? you can come down off of your high horse there skippy
@@me4g862 I am very judgmental and I’m also very unforgiving. People trying to use words too advanced for their vocabulary. It’s obvious that guy didn’t study parliamentary procedure.
I have always felt that condo's were just glorified apartments. That HOAs is just another way for someone to have power & comtrol over your pocket & to tell you what you can & can not do and the irony of it all is that you have to pay these associations to be the boss of your community for which some of these associations are overbearing & ridiculous. Why on earth would I want to pay someone to harass me just to say Im a condo owner/ glorified apartment owner. 😂 I mean I guess to each his own What a joke. Smdh
Most HOA’s launder fees. They make arrangements with contractors who are their friends and help them steal the funds. Utterly despicable.
That is not true at all. Most HOAs hire management companies to deal with day to day management.
The HOA board is like a board of directors in a company. A company board of directors is elected by the shareholders (which in this case are the owners). They hire managers to do the actual running of the company, with the board exercising oversight over them.
The fact that the hoa board quit is great.
Many questions, but it really wouldn't surprise me if the board resigned because they were fed up with members/owners complaining, so they said "Fine, YOU deal with it!" and the happy members/owners will elect a new board that will find out the exact same problems.