Managing Partner Alan Schimmel was quoted in the article, “5 Tips for Mastering a Homeowners Association,” published by HSH.com, the nation’s largest publisher of mortgage and consumer loan information. The article discusses the legal and liability issues of joining a homeowners association (HOA). Mr. Schimmel comments, “Homeowners associations are a shared economy, so you need, beforehand, to delve into key documents that include the board records and the covenants, conditions, and restrictions (CC&Rs).”
In addition, the article offers helpful tips, such as understanding financial costs, knowing the bylaws, reconciling complaints and misunderstandings, and determining what kind of insurance is covered by the HOA.