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Viewing 15 posts - 13,516 through 13,530 (of 20,312 total)
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  • April 10, 2008 at 9:36 AM in reply to: Escondido listed 70% below #184249
    SD Realtor
    Participant

    records I am not sure of the details of the solvency but it is simply that the HOA does not have enough money to pay the bills. So most likely they are not meeting minimum reserve requirements by the state. Also there could be deferred maintanence that needs to be done but cannot be due to no funds. Other issues such as insurance, exterior maintanence, and all the things that HOA’s may pay for may now start to seriously suffer.

    jp – you got it right. Unfortunately they may have to make an assessment to get things right immediately, then also raise the HOA’s. It all depends who they owe, what the reserve requirement is, and the timeline of things.

    April 10, 2008 at 9:36 AM in reply to: Escondido listed 70% below #184265
    SD Realtor
    Participant

    records I am not sure of the details of the solvency but it is simply that the HOA does not have enough money to pay the bills. So most likely they are not meeting minimum reserve requirements by the state. Also there could be deferred maintanence that needs to be done but cannot be due to no funds. Other issues such as insurance, exterior maintanence, and all the things that HOA’s may pay for may now start to seriously suffer.

    jp – you got it right. Unfortunately they may have to make an assessment to get things right immediately, then also raise the HOA’s. It all depends who they owe, what the reserve requirement is, and the timeline of things.

    April 10, 2008 at 9:36 AM in reply to: Escondido listed 70% below #184293
    SD Realtor
    Participant

    records I am not sure of the details of the solvency but it is simply that the HOA does not have enough money to pay the bills. So most likely they are not meeting minimum reserve requirements by the state. Also there could be deferred maintanence that needs to be done but cannot be due to no funds. Other issues such as insurance, exterior maintanence, and all the things that HOA’s may pay for may now start to seriously suffer.

    jp – you got it right. Unfortunately they may have to make an assessment to get things right immediately, then also raise the HOA’s. It all depends who they owe, what the reserve requirement is, and the timeline of things.

    April 10, 2008 at 9:36 AM in reply to: Escondido listed 70% below #184300
    SD Realtor
    Participant

    records I am not sure of the details of the solvency but it is simply that the HOA does not have enough money to pay the bills. So most likely they are not meeting minimum reserve requirements by the state. Also there could be deferred maintanence that needs to be done but cannot be due to no funds. Other issues such as insurance, exterior maintanence, and all the things that HOA’s may pay for may now start to seriously suffer.

    jp – you got it right. Unfortunately they may have to make an assessment to get things right immediately, then also raise the HOA’s. It all depends who they owe, what the reserve requirement is, and the timeline of things.

    April 10, 2008 at 9:36 AM in reply to: Escondido listed 70% below #184305
    SD Realtor
    Participant

    records I am not sure of the details of the solvency but it is simply that the HOA does not have enough money to pay the bills. So most likely they are not meeting minimum reserve requirements by the state. Also there could be deferred maintanence that needs to be done but cannot be due to no funds. Other issues such as insurance, exterior maintanence, and all the things that HOA’s may pay for may now start to seriously suffer.

    jp – you got it right. Unfortunately they may have to make an assessment to get things right immediately, then also raise the HOA’s. It all depends who they owe, what the reserve requirement is, and the timeline of things.

    April 10, 2008 at 9:29 AM in reply to: Escondido listed 70% below #184240
    SD Realtor
    Participant

    Yeah they could get the cash back out if they want. I am not so sure prudent investors do that. There are a couple of pretty seasoned guys who post here occasionally who have shared thier experiences with us. Most of them do not buy rentals here in SD or even in CA.

    Also yeah the HOA solvency is the troubling aspect. Once that is resolved I am sure the place will move pretty darn quick.

    SD Realtor

    April 10, 2008 at 9:29 AM in reply to: Escondido listed 70% below #184256
    SD Realtor
    Participant

    Yeah they could get the cash back out if they want. I am not so sure prudent investors do that. There are a couple of pretty seasoned guys who post here occasionally who have shared thier experiences with us. Most of them do not buy rentals here in SD or even in CA.

    Also yeah the HOA solvency is the troubling aspect. Once that is resolved I am sure the place will move pretty darn quick.

    SD Realtor

    April 10, 2008 at 9:29 AM in reply to: Escondido listed 70% below #184283
    SD Realtor
    Participant

    Yeah they could get the cash back out if they want. I am not so sure prudent investors do that. There are a couple of pretty seasoned guys who post here occasionally who have shared thier experiences with us. Most of them do not buy rentals here in SD or even in CA.

    Also yeah the HOA solvency is the troubling aspect. Once that is resolved I am sure the place will move pretty darn quick.

    SD Realtor

    April 10, 2008 at 9:29 AM in reply to: Escondido listed 70% below #184290
    SD Realtor
    Participant

    Yeah they could get the cash back out if they want. I am not so sure prudent investors do that. There are a couple of pretty seasoned guys who post here occasionally who have shared thier experiences with us. Most of them do not buy rentals here in SD or even in CA.

    Also yeah the HOA solvency is the troubling aspect. Once that is resolved I am sure the place will move pretty darn quick.

    SD Realtor

    April 10, 2008 at 9:29 AM in reply to: Escondido listed 70% below #184296
    SD Realtor
    Participant

    Yeah they could get the cash back out if they want. I am not so sure prudent investors do that. There are a couple of pretty seasoned guys who post here occasionally who have shared thier experiences with us. Most of them do not buy rentals here in SD or even in CA.

    Also yeah the HOA solvency is the troubling aspect. Once that is resolved I am sure the place will move pretty darn quick.

    SD Realtor

    April 10, 2008 at 9:05 AM in reply to: Escondido listed 70% below #184209
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM in reply to: Escondido listed 70% below #184225
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM in reply to: Escondido listed 70% below #184253
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM in reply to: Escondido listed 70% below #184261
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM in reply to: Escondido listed 70% below #184264
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

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Viewing 15 posts - 13,516 through 13,530 (of 20,312 total)
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