Condo-HOA Blog - Dissolution
Legislature Working on a Fix to the LLC Abatement Problem
Posted on February 19, 2010 by Marlyn Hawkins
This session, Representative Jamie Pedersen of the 43rd Legislative District has prime sponsored SHB 2657, which would fix the rather large loophole identified by the Washington Supreme Court in its May 2009 decision in Chadwick Farms Owners Association v. FHC, LLC, 166 Wn.2d 178, 207 P.3d 1251 (2009). read more
HOAs Experiencing Underfunded Finances
Developer abandonment is likely to become a serious issue in the coming year for many homeowner association communities. Partially completed subdivisions and newer communities more prone to home foreclosures are the ones most likely to suffer, experts say. . . Homeowners in neighborhoods with underfunded HOAs have seen their association fees increase at the same time amenities and services are being reduced or eliminated. read more
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