REAL ESTATE MATTERS: HOA’s actions raises red flags for home buyer

Q: My wife and I made an offer on a property in a self-managed Virginia community of single-family homes. Our offer hinged, in part, on the sales agent’s assurance that maintenance of the community’s private roads was totally covered by current HOA annual dues of $1,000 per lot. However, we just received the HOA’s disclosure letter stating that the board is studying a road engineer’s report for possible dues increases and special assessments.     Read the Q&A……………


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