can a homeowners association assess a fee to finish a public park. this park was to be paid for by the builders, whom went bankrupt.

Asked by Recreation?, 60432 Mon Sep 20, 2010

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Michael Sims’ answer
Michael Sims, Agent, Joliet, IL
Mon Mar 25, 2013
The quick answer is Yes they can assess. The longer question is are you responsible to pay them. Depending on when you purchased the home you may have already been bound by the covenants and/or special assessments. Many home purchasers do not fully understand what they have to pay for down the road, when they purchase a home. We are all excited at the closing table, and after the papers get shoved into a file, a drawer and eventually a storage box, we forget about the special assessment commitments. If you purchased the home recently, the money may have been escrowed at the title company or there may be other ways it could have been paid for. You should call the attorney who handled your closing and have him to do the legwork. Who knows, the HOA may be assessing something they do not have to.
0 votes
Scott Miller, Agent, Boca Raton, FL
Tue Sep 21, 2010
HOAs are a lot like 800lb gorillas. They do whatever they want....until you decide to STOP them. If you and other residents are unhappy with decisions they're making, throw them out. Here's my blog on HOAs:

http://www.trulia.com/blog/scott_miller/2009/10/secrets_on_h…

Hope this helps you.

Scott Miller, Realty Associates, Boca Raton, FL
0 votes
Kim Noonan, Agent, New Lenox, IL
Mon Sep 20, 2010
Great question for an attorney - did Neuman Homes turn the park land over to the park district yet? How was the original agreement with the park district written? Is the issue addressed in your HOA declaration or subdivision covenants?
Web Reference:  http://www.kimnoonan.com
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more