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FORECLOSURES in HOA's is on the rise. In some USA Home Owners Associations the Foreclose rate is as high as 78%. CNBC also reports that there will 1 Million foreclosures this year. CNBC has a report on HOA foreclosures... Read CNBC Article! Many of these home owners lost their homes after the HOA foreclosed on as little as $800 in missed association fees. These homes are then scooped up for as little as $2,000. That's right... What is Sheffield's foreclosure rate and who is getting access to this information. If homes in are community are being foreclosed they should be noted and maid available to all home owners. We also need to address the issue of our extremely high home owners association fee of $200. Especially since many of of us are paying via our insurance to make long over due repairs to our homes. We should consider a special assessment for those that had their homes repaired with association funds and loans. After all those that are using insurance funds will pay higher premiums in the future and have to deal with the INS.DEDUCTIBLE ($500-2000). And we need to REDUCE the Association Fee ASAP. Also what is the associations position for home owners maintenance and repair. What if there is leak in my roof 2 years from now. Or what if my windows leak. Who will be responsible for repairs and maintenance? What are past mistakes costing the Association Home Owners due to:
TO THE BOARD: Can the board post a clear agenda on there website weeks before the Home Owners Meeting so that we can be there for the important issues. Can the Association post the Home Owners Meeting notes on Tuesday after the meeting. If not why not. How are home owners to be informed otherwise. Who is responsible for cleaning up after contractors hired by the association perform maintenance. As an example the tree trimming has left debris in yards. Why are the employees not out cleaning up the remaining debris if the contractors are not instructed to do so... BE AT THE NEXT MEETING MONDAY JULY 26 As HOME OWNERS we have need responsible and timely maintenance to the 590+ units and landscape. We need to come together as a community to rebuild the Association. The board over the past 10 years+ has failed our community. This is the communities fault as well, because of the lack of involvement. We need to require more from the board and expect them to use the associations website to keep us informed. Home Owners AssociationWE also need complete discloser on the financial aspects of OUR association. Should we see were OUR money is going every month. What are we getting for our money and is it being spent wisely. What would we decide to do with X if we new what X cost us and it's impact on are rising Association FEES that are currently $200.00 What do you get for $200.00 per month. What was the cost to UPGRADE the club house and surrounding landscape? How has this helped my property value? When will my front common area look as nice as others cared for by the ST Association? We have WEEDS, BROKEN BUSHES, ROCKS, GLASS and other debris in our front yards. When will my front yard look like a front LAWN again. CALL TODAY 847-843-1089 or email us at Contact us! Get your FREE Copy of the Sheffield: Articles of Incorporation -
By-Laws - Declaration of Covenants, Restrictions, Easements, Charges
& Liens Get your FREE Copy of the
Sheffield Maintenance Policies Get your FREE Copy of the
Sheffield Architectural
Ask the President of the Association why we spent so much money for this renovation plan! Just more of the wasted Association Funds... Don't Forget to VOICE your
Opinions
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