Real Estate & Home

Rise of the 'Zombie HOA': What Happens When Developers Fail To Hand Over Control to Residents

alinemati1983-69871 day ago

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Homeowner associations (HOAs) are increasingly common in the U.S., with 43.6% of homes now subject to HOA fees, but issues arise when developers fail to transfer control to residents as required. This situation can lead to financial mismanagement and legal disputes, impacting property values negatively due to decreased transparency and trust among homeowners.

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alinemati1983-6987Written by alinemati1983-6987

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