Letter: New HOA trend is just a money grab - East Valley Tribune: Opinion

Letter: New HOA trend is just a money grab

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Posted: Thursday, February 9, 2012 10:38 am

In case any other homeowners in Queen Creek are not aware, there is a new trend afoot by the HOAs of our community to make as much money as possible off the sale (or purchase) of your home. Communities like Montelena and Fulton Homes at Victoria Estates are writing into your HOA contract that they may impose fees to the tune of $2500 (Montelena) and $2000 (Fulton) to be collected at closing by the HOA upon the sale of any home in those communities (and that's in addition to up to $400 in transfer fees paid to the management company).

If you like the idea of having to pony up an extra 2K+ cash just to purchase or sell your home, then maybe you are in favor of these new fees. If not, you may want to mention it to your HOA. I don't know about you, but in today's tough housing market, the last thing I want to have to put up with is a greedy HOA trying to make a quick buck off the sale of my property...a fee that may very well, once disclosed, kill the sale (or the purchase, as it were.) If you are as shocked at this practice as I am, feel that your right to sell your property should not be encumbered by your HOA, you may want to have a word with your HOA.

Because, from where I stand, it seems that this new trend is catching on...unnoticed.

Amanda Fleming


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