http://styronblog.com/2009/10/25/its-time-hoa-budgets-for-2010/ How people, businesses and nature compete Tue, 24 Jan 2012 20:14:07 +0000 hourly 1 http://wordpress.com/ http://styronblog.com/2009/10/25/its-time-hoa-budgets-for-2010/#comment-1889 Sat, 10 Jul 2010 00:02:45 +0000 http://olp09.wordpress.com/?p=1022#comment-1889 Thank you for the information. I am writing my congressman in regards to HOA’s. Municipalities request HOA’s be formed by developers. It creates new tax dollars, and not much cost to the city if the HOA is resposible for most maintenance. But there are no laws to put ‘meat’ behind indentures or assessment fee collection. It is hard for me as a homeowner to watch a neighborhood deteriorate because fees are not paid and the city/county/state cannot help enforce the covenants or collection of legitimate fees.

]]> http://styronblog.com/2009/10/25/its-time-hoa-budgets-for-2010/#comment-1887 Fri, 09 Jul 2010 22:12:20 +0000 http://olp09.wordpress.com/?p=1022#comment-1887 An HOA generally should be incorporated, so that its board members do not have personal liability for the liabilities of the HOA to creditors and others who may have claims. A certificate of incorporation is evidence of incorporation. Each state has requirements that must be met (such as filing an annual report) to keep the corporation in good standing.

]]> http://styronblog.com/2009/10/25/its-time-hoa-budgets-for-2010/#comment-1885 Fri, 09 Jul 2010 20:07:49 +0000 http://olp09.wordpress.com/?p=1022#comment-1885 I belong to a HOA. I was just wondering what purpose is served by having a certificate of incorporation with the state? .
Thanks

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