Wednesday, December 30, 2009
Lost Social Security Cards
I think I dropped a black card case carring my entire families Social security cards in them if anyone finds them please let me know or call my cell 714-801-0103 Thanks Deanna
Tuesday, December 29, 2009
Gate Fixed
Anonymous has left a new comment on your post "Rental of Car Port?":
I would like to thank those you finally fixed the front gate. In the future it would be great if the gate would be fixed as soon as it has a problem. I have witnessed people from the complex south of us parking in this complex. Maybe we should start a parking permit program here. Not charged, just so we know those who live here can park here. Say 2 permits per unit, maybe 3 for the 2 bedrooms if needed.
I would like to thank those you finally fixed the front gate. In the future it would be great if the gate would be fixed as soon as it has a problem. I have witnessed people from the complex south of us parking in this complex. Maybe we should start a parking permit program here. Not charged, just so we know those who live here can park here. Say 2 permits per unit, maybe 3 for the 2 bedrooms if needed.
Thursday, November 12, 2009
#136 on Foreclosure Report from Realty Track
It has been some time since a Parkridge condo showed up on this report. Perhaps the wave of bad loans swept through at that phase of the downturn and current defaults are more tied to unemployment issues.
Tuesday, October 27, 2009
Rental of Car Port?
I have been noticing lately the parking problems. I work very late at night and come home here to no parking spaces. Yet, I see many of the covered spaces open. Is there any way I can get one those spaces to park my car? I don't care if it costs a little. Can anyone help me?
Monday, October 05, 2009
New, Stricter FHA Condominium Lending Guidelines Coming Nov. 2: First Time Buyers Affected
Originally posted on the Massachusetts Real Estate Law Blog
Breaking News: 10/1/09–The FHA Has Delayed Implementation Of New Rules Until November 2, 2009 To Coincide With Expiration of First Time Home Buyer $8,000 Tax Credit
Under revised guidelines which were to be effective October 1, 2009 but now delayed until November 2, 2009, the Federal Housing Administration (FHA) is implementing a new stricter approval process for condominiums to be eligible for FHA financing. Like the Fannie Mae regulations issued earlier in the year, the new FHA guidelines will surely slow down condominium mortgage financing, and negatively impact first time home buyers for condominium units.
For those who don’t know, FHA is a government program designed to help more people buy homes, and more borrowers will qualify with FHA financing than with conventional. It is a low down payment (3.5% down) program and the credit standards are much looser. The mortgage rates are typically better, as well.
To obtain a FHA mortgage on a condominium, the project must be FHA approved. Prior to these changes, there were two ways a condominium could be FHA approved: (1) full project approval, and (2) “spot” approval. Full project approval means that FHA has already done the approval on the entire condominium. Spot approvals were performed on non-FHA approved projects on a loan by loan basis, and were a way to make FHA loans available to home buyers in well run condo projects even if they haven’t gone through the full approval process.
No More Spot Approvals
Under the new guidelines, the popular spot approval process will no longer be available and will be replaced with something called a Direct Endorsement Lender Review and Approval Process (DELRA). FHA claims the DELRA process is more uniform and streamlined that the former spot loan approval process. Also, full project approvals expire every two years, so condominiums will have to re-certify every 2 years.
New Project Eligibility Guidelines
Under the new project eligibility requirements, all condominiums (consisting of 2 or more units) must meet the following requirements:
* At least 50% of the units of a project must be owner-occupied or sold to owners who intend to occupy the units. For proposed, under construction or projects still in their initial marketing phase, FHA will allow a minimum owner occupancy amount equal to 50 % of the number of presold units (the minimum presale requirement of 50 percent still applies).
* Projects must be covered by hazard and liability insurance and, when applicable, flood insurance.
* At least 50% of the total units must be sold prior to endorsement of any mortgage on a unit. Valid presales include an executed sales agreement and evidence that a lender is willing to make the loan.
* No more than 15% of the total units can be in arrears (more than 30 days past due) of their condominium association fee payment.
* No more than 25% of the property’s total floor area in a project can be used for commercial purposes. The commercial portion of the project must be of a nature that is homogeneous with residential use, which is free of adverse conditions to the occupants of the individual condominium units.
* Reserve Study - a current reserve study must be performed to assure that adequate funds are available for the funding of capital expenditures and maintenance. A current reserve study must be no more than 12 months old – if recent events or market conditions have affected the finished condition of the property that information must be included. When reviewing the reserve study, consideration must be given to items that have been replaced after the time that the reserve study was completed. The regulations don't definition of what is "adequate," however. Guidance may be found in the new Fannie Mae guidelines which mandate at least 10% of annual operating budget in reserves.
* No more than 10% of the units may be owned by one investor. This will apply to developers/builders that subsequently rent vacant and unsold units. For two and three unit condominium projects, no single entity may own more than one unit within the project; all units, common elements, and facilities within the project must be 100% complete; and only one unit can be conveyed to non-owner occupants.
* Rights of first refusal are permitted unless they violate discriminatory conduct under the Fair Housing Act.
Buried in the fine print is a requirement for an affirmative action-type housing plan. For both new construction and conversions, if the developer intends to market 5 or more units within the next 12 months with FHA mortgage insurance (that would be most), an Affirmative Fair Housing Marketing Plan (AFHMP) or a Voluntary Affirmative Marketing Agreement (VAMA) must be in place. An affirmative fair housing marketing plan requires that the racial, socioeconomic, and ethnic composition of the condominium residents closely mirror that of the neighboring area, to the greatest extent possible. Most new condominiums don’t have these in place.
Click here for the new FHA condominium guidelines. You can look to see whether a condominium is approved on the HUD Homes & Communities website located here. Here is the FHA Condominium Mortgage webpage.
The Impact: More Work For Lenders, Condominium Associations/Managers And Attorneys
I expect FHA lenders will approach condominium association boards and managers, asking for certain information, certifications, and even legal opinions regarding compliance with FHA (and Fannie Mae) legal requirements. If a condominium is not on the FHA-approved list, or has lost its approval, condominium associations should consider applying for approval (or re-approval). Reportedly, FHA/HUD is backlogged a month or more in reviewing submitted applications. Thus, should your condominium need to be submitted for approval, keep in mind the process may take some time. Also keep in mind that the work to compile and complete the application package itself can take weeks, and require the board, its manager, and legal counsel to gather data, documents, and expert opinions required for FHA approval. The package of materials that must be submitted can vary from condominium to condominium, and often requires an updated reserve study and certain legal opinions.
Having issued numerous opinion letters and certifications under the similar Fannie Mae condominium regulations, our office is well equipped to assist lenders and buyers with FHA loan compliance issues. Contact rvetstein@vetsteinlawgroup.com for more information.
Breaking News: 10/1/09–The FHA Has Delayed Implementation Of New Rules Until November 2, 2009 To Coincide With Expiration of First Time Home Buyer $8,000 Tax Credit
Under revised guidelines which were to be effective October 1, 2009 but now delayed until November 2, 2009, the Federal Housing Administration (FHA) is implementing a new stricter approval process for condominiums to be eligible for FHA financing. Like the Fannie Mae regulations issued earlier in the year, the new FHA guidelines will surely slow down condominium mortgage financing, and negatively impact first time home buyers for condominium units.
For those who don’t know, FHA is a government program designed to help more people buy homes, and more borrowers will qualify with FHA financing than with conventional. It is a low down payment (3.5% down) program and the credit standards are much looser. The mortgage rates are typically better, as well.
To obtain a FHA mortgage on a condominium, the project must be FHA approved. Prior to these changes, there were two ways a condominium could be FHA approved: (1) full project approval, and (2) “spot” approval. Full project approval means that FHA has already done the approval on the entire condominium. Spot approvals were performed on non-FHA approved projects on a loan by loan basis, and were a way to make FHA loans available to home buyers in well run condo projects even if they haven’t gone through the full approval process.
No More Spot Approvals
Under the new guidelines, the popular spot approval process will no longer be available and will be replaced with something called a Direct Endorsement Lender Review and Approval Process (DELRA). FHA claims the DELRA process is more uniform and streamlined that the former spot loan approval process. Also, full project approvals expire every two years, so condominiums will have to re-certify every 2 years.
New Project Eligibility Guidelines
Under the new project eligibility requirements, all condominiums (consisting of 2 or more units) must meet the following requirements:
* At least 50% of the units of a project must be owner-occupied or sold to owners who intend to occupy the units. For proposed, under construction or projects still in their initial marketing phase, FHA will allow a minimum owner occupancy amount equal to 50 % of the number of presold units (the minimum presale requirement of 50 percent still applies).
* Projects must be covered by hazard and liability insurance and, when applicable, flood insurance.
* At least 50% of the total units must be sold prior to endorsement of any mortgage on a unit. Valid presales include an executed sales agreement and evidence that a lender is willing to make the loan.
* No more than 15% of the total units can be in arrears (more than 30 days past due) of their condominium association fee payment.
* No more than 25% of the property’s total floor area in a project can be used for commercial purposes. The commercial portion of the project must be of a nature that is homogeneous with residential use, which is free of adverse conditions to the occupants of the individual condominium units.
* Reserve Study - a current reserve study must be performed to assure that adequate funds are available for the funding of capital expenditures and maintenance. A current reserve study must be no more than 12 months old – if recent events or market conditions have affected the finished condition of the property that information must be included. When reviewing the reserve study, consideration must be given to items that have been replaced after the time that the reserve study was completed. The regulations don't definition of what is "adequate," however. Guidance may be found in the new Fannie Mae guidelines which mandate at least 10% of annual operating budget in reserves.
* No more than 10% of the units may be owned by one investor. This will apply to developers/builders that subsequently rent vacant and unsold units. For two and three unit condominium projects, no single entity may own more than one unit within the project; all units, common elements, and facilities within the project must be 100% complete; and only one unit can be conveyed to non-owner occupants.
* Rights of first refusal are permitted unless they violate discriminatory conduct under the Fair Housing Act.
Buried in the fine print is a requirement for an affirmative action-type housing plan. For both new construction and conversions, if the developer intends to market 5 or more units within the next 12 months with FHA mortgage insurance (that would be most), an Affirmative Fair Housing Marketing Plan (AFHMP) or a Voluntary Affirmative Marketing Agreement (VAMA) must be in place. An affirmative fair housing marketing plan requires that the racial, socioeconomic, and ethnic composition of the condominium residents closely mirror that of the neighboring area, to the greatest extent possible. Most new condominiums don’t have these in place.
Click here for the new FHA condominium guidelines. You can look to see whether a condominium is approved on the HUD Homes & Communities website located here. Here is the FHA Condominium Mortgage webpage.
The Impact: More Work For Lenders, Condominium Associations/Managers And Attorneys
I expect FHA lenders will approach condominium association boards and managers, asking for certain information, certifications, and even legal opinions regarding compliance with FHA (and Fannie Mae) legal requirements. If a condominium is not on the FHA-approved list, or has lost its approval, condominium associations should consider applying for approval (or re-approval). Reportedly, FHA/HUD is backlogged a month or more in reviewing submitted applications. Thus, should your condominium need to be submitted for approval, keep in mind the process may take some time. Also keep in mind that the work to compile and complete the application package itself can take weeks, and require the board, its manager, and legal counsel to gather data, documents, and expert opinions required for FHA approval. The package of materials that must be submitted can vary from condominium to condominium, and often requires an updated reserve study and certain legal opinions.
Having issued numerous opinion letters and certifications under the similar Fannie Mae condominium regulations, our office is well equipped to assist lenders and buyers with FHA loan compliance issues. Contact rvetstein@vetsteinlawgroup.com for more information.
Tuesday, September 22, 2009
Pool & Spa
Anonymous has left a new comment on your post "Coyote Spotted in Parkridge":
Does anyone know when the jacuzzi will be working? I tried to use it last week but the water is cold and the jets don't work. Also, does anyone pay attention to the Rules for the pool area? Kids seem to be down there all the time on weekends (No Children under 18 permitted after 1 pm on weekends and Holidays) with toys and water guns which are prohibited. Are we suppose to run and find a Board member? wait for them to leave and follow them to their unit to report them? Asking people to leave results in "they aren't hurting anyone, what's the problem?" I would be fine with that if the adults would say something when they were being loud and annoying, but they don't.
Then you have the 18ish kids that come down with their friends, being loud, using inappropriate language and jumping (doing "canonballs") in the pool. They technically are okay to be there since they are 18 but should be supervised since they are obviously children. Not sure what to do about that since asking them to stop results in more bad language and the "F- off".
We were a long time without the pool, I would like to enjoy it now that it's open again.
Does anyone know when the jacuzzi will be working? I tried to use it last week but the water is cold and the jets don't work. Also, does anyone pay attention to the Rules for the pool area? Kids seem to be down there all the time on weekends (No Children under 18 permitted after 1 pm on weekends and Holidays) with toys and water guns which are prohibited. Are we suppose to run and find a Board member? wait for them to leave and follow them to their unit to report them? Asking people to leave results in "they aren't hurting anyone, what's the problem?" I would be fine with that if the adults would say something when they were being loud and annoying, but they don't.
Then you have the 18ish kids that come down with their friends, being loud, using inappropriate language and jumping (doing "canonballs") in the pool. They technically are okay to be there since they are 18 but should be supervised since they are obviously children. Not sure what to do about that since asking them to stop results in more bad language and the "F- off".
We were a long time without the pool, I would like to enjoy it now that it's open again.
Saturday, August 01, 2009
Coyote Spotted in Parkridge
While walking my dogs late Friday night/early Saturday morning (1:15 am), I spotted a coyote wandering through the complex. The open gate made it easy for the coyote to get in....and out. Just want to give a "heads up" to all those with small pets, especially the outdoor cats.
Tim #40
Tim #40
Tuesday, July 28, 2009
Towed
My wife's car was towed today by our new towing vendor, Tow Zone Inc., she left our car in front of our garage for less than 5 minutes to carry our groceries up to the house, she even left her hazard lights on.
A neighbor saw a tow truck sitting in the carport area by the backside garages before this happened, so the guy basically waited for someone to park in the alley and swooped in and towed the car in less than 5 minutes. This does not seem like a legal practice to me, although I realize that we're not supposed to park in front of our garages, if it is for unloading/loading of a vehicle, and it is only 5 minutes, how can a tow truck company do this??? Is this authorized activity by our board or the mgmt. company??? Has anyone else had this happen to them?
My car was towed about 5 miles, and was picked up from the tow company in less than 3 hours, and it cost me $175. I find it hard to believe that this is what our board or mgmt. company had in mind when they hired this company.
-Greg, #86
A neighbor saw a tow truck sitting in the carport area by the backside garages before this happened, so the guy basically waited for someone to park in the alley and swooped in and towed the car in less than 5 minutes. This does not seem like a legal practice to me, although I realize that we're not supposed to park in front of our garages, if it is for unloading/loading of a vehicle, and it is only 5 minutes, how can a tow truck company do this??? Is this authorized activity by our board or the mgmt. company??? Has anyone else had this happen to them?
My car was towed about 5 miles, and was picked up from the tow company in less than 3 hours, and it cost me $175. I find it hard to believe that this is what our board or mgmt. company had in mind when they hired this company.
-Greg, #86
Saturday, July 18, 2009
Thursday, July 16, 2009
#58 For Sale 2b 2b in 3000 Building $195,000
This 2 bedroom 2 bathroom was foreclosed on recently and appeared on Realtor.com just recently.
Monday, June 22, 2009
Does Anyone Know of a Condo for Rent in Parkridge?
I have been contacted by someone who wants to rent a condo here in Parkridge. Please make a comment or email me if you have any information. Thanks, Howard
Wednesday, June 17, 2009
Association Fees Too Low!
We have written a lot on these pages about the damage that reserve underfunding can do to a community association. For ten years we have tried to focus attention on the long-term effects of failing to adequately save for the inevitable reconstruction or replacement of major building components. Nevertheless, we still see every day examples of what happens when a board fails to budget to meet these needs. Associations with less than half of the funds needed for a major re-construction project are common. Associations with no funds at all are less common, but becoming more so all the time.
Click on link in title for full article at condoissues@blogspot.com
Click on link in title for full article at condoissues@blogspot.com
Thursday, June 11, 2009
Auto Pay Association Dues?
does anyone know the web address to pay our HOA fee online? I called our management company but I keep getting disconnected.
thanks,
#125
thanks,
#125
Monday, April 20, 2009
#30 For Sale $80,000 NOT A TYPO reduced 4/20/09 from $120,000 1b 1b - Wow!
That is $178 per sq. ft. This is the first time in recent history I can remember a Parkridge condo listing for under $200 per sq. ft. These are some serious sellers that do not want to chase the market downward week after week. Howard
Friday, April 17, 2009
Parkridge Votes NO on Assessment
My memory of the announcement is 45 votes against the assessment, 40 for and the number that surprises me most...51 units did not vote at all. Thanks so much to Sally, Kelly and Kim for all the time, dedication, research and preparation. When asked if they would stay continue to volunteer or resign, Sally & Kelly said the board intends to to go back to the drawing board to attempt to come up with a plan that 45 no votes can handle. Actually 3 converted votes from no to yes would do the trick. No other residents, including myself, volunteered to run for a board position in the election.
Sunday, April 12, 2009
Pool
TO THE MORON WHO VANDALIZED OUR POOL
I walked past the pool this AM and saw the pool. Three things immediately came to mind:
First, algae doesn't grow that fast under the worst circumstances.
Second, the texture and the color are all wrong. To my eye, it's way too light.
Third, it's too evenly spread thoughout the pool. Algae growth usually starts in the deep end and then spreads out verically and horizontally as it gets worse over time.
Conclusion 1: One of our residents used some sort of food coloring or dye or something to get that water that color that fast.
Conclusion 2: It wasn't one of the usual suspects. Somebody with an axe to grind put some serious thought and planning (and money) into this. No punk did this.
I've lived here over 12 years and was on the board for eight. I've seen a lot of vandalism but I've never seen anything as despicable as this. I guess that as an association we don't have enough negative issues to deal with.
TO THE BOARD:
You should have had the pool drained the same week you decided to close it. Soon. This situation says more about our community than anything else right now and should be made a priority.
Furthermore, the ponds sould be filled in and the pumps and associated hardware should be removed. It was determined long ago that the long term root cause (pun intended) with the ponds is trees. The roots grow up and will eventually break through the bottom, no matter what is done.
A referendum was taken about 10 years ago or so, and two thirds of the community voted to have the ponds removed as they became unserviceable. The alternative is to spend tens of thousand of dollars every ten years or so for repairs. Two of the ponds have already been filled in. It's time to do the rest.
Todd in 122
I walked past the pool this AM and saw the pool. Three things immediately came to mind:
First, algae doesn't grow that fast under the worst circumstances.
Second, the texture and the color are all wrong. To my eye, it's way too light.
Third, it's too evenly spread thoughout the pool. Algae growth usually starts in the deep end and then spreads out verically and horizontally as it gets worse over time.
Conclusion 1: One of our residents used some sort of food coloring or dye or something to get that water that color that fast.
Conclusion 2: It wasn't one of the usual suspects. Somebody with an axe to grind put some serious thought and planning (and money) into this. No punk did this.
I've lived here over 12 years and was on the board for eight. I've seen a lot of vandalism but I've never seen anything as despicable as this. I guess that as an association we don't have enough negative issues to deal with.
TO THE BOARD:
You should have had the pool drained the same week you decided to close it. Soon. This situation says more about our community than anything else right now and should be made a priority.
Furthermore, the ponds sould be filled in and the pumps and associated hardware should be removed. It was determined long ago that the long term root cause (pun intended) with the ponds is trees. The roots grow up and will eventually break through the bottom, no matter what is done.
A referendum was taken about 10 years ago or so, and two thirds of the community voted to have the ponds removed as they became unserviceable. The alternative is to spend tens of thousand of dollars every ten years or so for repairs. Two of the ponds have already been filled in. It's time to do the rest.
Todd in 122
Wednesday, April 08, 2009
Parkridge Official Web Site http://sites.google.com/site/parkridgecondominiums/?pli=1
The site is full of fantastic information. There is a tab for all the news letters, minutes from past board meetings, rules & regulations and the assessment documents that we received in the mail. Remember that someone is going to all the trouble of putting our monthly financial statement on the back of the newsletter. In the 12+ years I've been living here there has never been this much trasparincy to where our money is being spent and saved. Remember, we were BROKE when this current board took over just a year ago.
For access, you simply need a to send an email to Desiree "desiree@cmsmgmt.com" at the management company. You will also need to sign up for a free Google account if you don't not already have one. Click on the link in the title above or cut and past this address into your browser http://sites.google.com/site/parkridgecondominiums/?pli=1
Howard
For access, you simply need a to send an email to Desiree "desiree@cmsmgmt.com" at the management company. You will also need to sign up for a free Google account if you don't not already have one. Click on the link in the title above or cut and past this address into your browser http://sites.google.com/site/parkridgecondominiums/?pli=1
Howard
Thursday, April 02, 2009
The Four Stages in the Life of a Community Association
This site by Mr. Birding is a great resource for a community like ours. He is an attorney who has vast expirence in this situation that is new to most all of us. Click on the links to his site and/or booklet he wrote.
http://www.berding-weil.net/pdf/uncertain_future.pdf
http://condoissues.blogspot.com/2008/02/when-market-value-slips-out-back-door.html
http://www.berding-weil.net/pdf/uncertain_future.pdf
http://condoissues.blogspot.com/2008/02/when-market-value-slips-out-back-door.html
Wednesday, April 01, 2009
We can not afford to NOT maintain our community!
Those of you considering a call to the health department or selling your condo should be leading the charge to approve the assessment! I do not have $10,000 lying around and certainly do not like the thought of spending/borrowing so much to generate zero upgrades and only "maintain" what we feel entitled to. However, if you are going to own a car is it short sighted to claim no funds to change the oil...SAME THING! I suggest for those of you selling simply list the $10,000 discount within your asking price and get out so those of us who plan to live here can get on with making this community more livable. If you feel compelled to identify someone or some organization to blame so be it. That is not a simple blame game with so many different management companies over the years and so many VOLUNTEER board members. The board is not "they" the board is WE! Volunteers! I for one am very thankful for all of the dedicated work these people have donated to us (non-volunteers) and thank them for developing a plan. All the rest of us have to do is allow the plan to be executed. Again, I do not have $10,000 but there is no choice! If you would like to be able to sell your place some day with out discounting far below current market value (still dropping)...vote yes! Our posts and comments on this forum make it very easy for perspective buyers who can spell G-O-O-G-L-E to investigate our dirty laundry and sub par living conditions. I thank Sally (Kelly, Kim...) for her leadership, dedication and vision to bring us this far since the previous board leadership almost bankrupted us and allowed this well know situation to fester. Howard
Thursday, March 26, 2009
Anonymous has left a new comment on your post "Parkridge Repairs/Special Assessment": EVERYBODY PLEASE READ THIS - ESPECIALLY THE GOOD NEWS AT THE EN
Good news and bad new (first the BAD):
My condo is currently (or WAS) in escrow. I got a call from my realtor last night. My condo's escrow fell through. I disclosed to the buyers that there are plumbing problems in my unit and said there are plans to replace the plumbing and there is most likely going to be an assessment, although I'm unsure how much. So, the buyers called our Management Company to find out the details and DESIREE from the Management Company painted a hideously GRIM picture to them. She came out and TOLD my buyers details that I didn't even know yet! She said that we will be having a $13,000 assessment (Yes folks, not $10,000 like was hinted previously) AND she told them that they won't even FIX the water for 4 years so my buyers would have to put up with COLD water for 4 years! I called Desiree last night and left a rather hysterical message for her. I've never sued before, but I sure feel like suing that management company for doing that to me. I was willing to compensate my buyers and work out these issues in hopes they could tolerate the water problems, but now my buyers are rightly ANGRY. HOW DARE she tell my buyers these details without even first telling all the actual homeowners this information??!!! Have any of YOU gotten any formal word on this? I sure haven't! AND, second off, it is suppose to go out for a vote, isn't it? It was hard for me to disclose the entire situation to my buyers as I thought it was all still up in the air, but Desiree sure indicated to my (EX) buyers that there is a definite PLAN in place.
Unless you're sitting on a $13,000 wad of cash (which I'm sure not), please read on......
***THE GOOD NEWS************
WE ALL NEED TO CHECK OUT OUR HOMEOWNERS INSURANCE POLICIES!!! In condo policies there is something called "Loss Assessment" coverage. I checked my policy and I DO have it on there for $10,000. I encourage EVERYONE to check their policies TODAY. If you don't see it on there, call your insurance company ASAP and add it on NOW. The coverage only costs around $5.00-$8.00!! Mine was $5.00.
Also, isn't there some law that hot water needs to be provided for sanitation purposes??? Our situation is unacceptable. I have been putting up with this for 7 years now and I'm so over this!!!
My condo is currently (or WAS) in escrow. I got a call from my realtor last night. My condo's escrow fell through. I disclosed to the buyers that there are plumbing problems in my unit and said there are plans to replace the plumbing and there is most likely going to be an assessment, although I'm unsure how much. So, the buyers called our Management Company to find out the details and DESIREE from the Management Company painted a hideously GRIM picture to them. She came out and TOLD my buyers details that I didn't even know yet! She said that we will be having a $13,000 assessment (Yes folks, not $10,000 like was hinted previously) AND she told them that they won't even FIX the water for 4 years so my buyers would have to put up with COLD water for 4 years! I called Desiree last night and left a rather hysterical message for her. I've never sued before, but I sure feel like suing that management company for doing that to me. I was willing to compensate my buyers and work out these issues in hopes they could tolerate the water problems, but now my buyers are rightly ANGRY. HOW DARE she tell my buyers these details without even first telling all the actual homeowners this information??!!! Have any of YOU gotten any formal word on this? I sure haven't! AND, second off, it is suppose to go out for a vote, isn't it? It was hard for me to disclose the entire situation to my buyers as I thought it was all still up in the air, but Desiree sure indicated to my (EX) buyers that there is a definite PLAN in place.
Unless you're sitting on a $13,000 wad of cash (which I'm sure not), please read on......
***THE GOOD NEWS************
WE ALL NEED TO CHECK OUT OUR HOMEOWNERS INSURANCE POLICIES!!! In condo policies there is something called "Loss Assessment" coverage. I checked my policy and I DO have it on there for $10,000. I encourage EVERYONE to check their policies TODAY. If you don't see it on there, call your insurance company ASAP and add it on NOW. The coverage only costs around $5.00-$8.00!! Mine was $5.00.
Also, isn't there some law that hot water needs to be provided for sanitation purposes??? Our situation is unacceptable. I have been putting up with this for 7 years now and I'm so over this!!!
Thursday, March 12, 2009
Suspicious Activity Last Night March 11th 2009
Last night around 10:45 as I was walking by the Garages I witnessed 2 young men in their late teens, Early 20's, both about 5'9"-6' tall. One wearing a blue CSUF hoodie and white shorts, the other wearing dark shorts and a red shirt. I clearly saw them tugging on garage door handels looking for anything unlocked. They did see me and continued down a side path of the 3000 building. I called 911 and reported this while ducking down another path. as I resurfaced the two guys went back at it and litteraly had one garage door open about a foot, saw me and casualy pickd up their pace and slipped down a path by the tennis court buildings. I ran to the front parking lot assuming I had beat them to the gate but to my suprise it seemed that they litterly vanished. I have personally never seen the two guys in our complex before. I usually wander to the alley and around to the front about that time to have a walk before bed. Luckly nothing seemed to be stolen from the garage they had opened and police reports were made. If you have any idea who the two guys are or if they live here in the complex please notify Fullerton Police.
Mark
Mark
Monday, March 09, 2009
Question From Prospective Buyer...So they say?
I am a person looking to buy here. My concern is the water issues here. We looked at a place and really liked what we saw. My concern is about the hot water. There is hot water in the bathroom but in the kitchen there was none. What is the community doing about this? From what I have been told this is a major problem. What can be done to eliminate my fear that if I buy this place I won't be set with a big assessment upon buying here. Aside from the fact I love the ambiance of this place. Please but my fears to rest.
Wednesday, February 11, 2009
Parkridge Repairs/Special Assessment
Anonymous has left a new comment on your post "3062 Associated Rd. #1 in Default":
During these tough economic times, it would be very difficult to again raise the dues and/or to impose a big special assessment. Holding off on spending for at least another year would be in the best interest of the owners and association. There are those of us who have lost our jobs and don't know how we will be able to pay more than what we are currently paying.
During these tough economic times, it would be very difficult to again raise the dues and/or to impose a big special assessment. Holding off on spending for at least another year would be in the best interest of the owners and association. There are those of us who have lost our jobs and don't know how we will be able to pay more than what we are currently paying.
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