| Home |
| Search |
| Today's Posts |
|
#23
posted to rec.boats
|
|||
|
|||
|
On Tue, 21 Aug 2007 17:23:05 -0400, Reginald P. Smithers III penned
the following well considered thoughts to the readers of rec.boats: Gene Kearns wrote: On Tue, 21 Aug 2007 15:54:28 -0400, "JimH" ask penned the following well considered thoughts to the readers of rec.boats: We have a HOA in our development. The Association officers are responsible for contracting out the care and upkeep of the main entrance to the development (landscaping and sidewalk snow removal) as well as enforcing Association bylaws. They also review and approve fence and shed installations. Annual cost to each homeowner is $80. That is pretty cheap compared to most HOAs. My guess is that nothing is binding, if they didn't also assent to and sign the restrictive covenants prior to purchase. Gene, It is good that you don't live in a community with HOA and restrictive covenants, because you probably would be very surprised how incorrect your guess is. Either I didn't make myself clear or you guys need to read again for content..... (1) I wouldn't buy a property that came with a deed restriction and (2) my position was that NO agreement is binding unless you sign indicating assent. Check your mortgage paperwork and you will find that you have a copy of some sort of protective or restrictive covenant or CC&R, designed by the developer, that gave the HOA the power to tax you and determine how you will use your property. You will probably, also, find a rider on your deed that says you are aware of the covenant and will abide by its restrictions (which include all of its penalties). You signed all that didn't you? I still feel that if you didn't sign the paperwork covering the deed restriction.... you are not bound by what you didn't agree to.... (of course that means you probably (wisely) walked away from the deal). PS Reference #1 above: there are plenty of recorded cases where the HOA bankrupted landowners over some trivial item (though one agreed to). I just don't lean into left hooks when I can see them coming. I try not to sign optional documents that restrict my rights..... -- Grady-White Gulfstream, out of Oak Island, NC. Homepage http://pamandgene.idleplay.net/ Rec.boats at Lee Yeaton's Bayguide http://www.thebayguide.com/rec.boats ----------------- www.Newsgroup-Binaries.com - *Completion*Retention*Speed* Access your favorite newsgroups from home or on the road ----------------- |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| ALSO YOU MAY SUCK IT! | General | |||
| Well, doesn't individual.net just SUCK. | ASA | |||
| I suck!!! | ASA | |||
| OT's really suck | General | |||
| you all suck | Power Boat Racing | |||