Every year, your HOA holds its annual meeting, and buried in the agenda is a confusing line item that reads something like this: Vote to apply excess membership income to the following year’s budget or refund it to members: IRS Revenue Ruling 70-604. Most homeowners glance at it, shrug, and move on, but what you […]
Tag: HOA Financial Abuse
From Frustration to Victory: Homeowners Who Took Down a $4.2 Million Dollar Special Assessment and Successfully Recalled an Unfair HOA Board
For many homeowners, HOA life begins with a promise: shared amenities, community pride, and well-maintained property values, but too often, that promise turns into frustration, unexpected special assessments, confusing financials, and boards that seem unaccountable to the very people who pay the dues. What happens when an HOA board pushes too far? When they try […]