I’m looking at investment property in a subdivision with a homeowners association (HOA). A friend recently bought a home in the same subdivision and (the) lender required a review of HOA documents. These documents turned out to be in a significant state of disarray, which delayed the closing process. Should this concern me? How big of a red flag is it when the HOA won’t provide financials? Could poor HOA management impact the value of the property? If I buy in this community am I on the hook for their poor management? Read the article…………………….
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