The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Originally the idea was that the developer started the association and then the owners took it over, but recently there has been a tendency for the developer to hand it over to one of the large nation-wide association management companies. Who have, by a legal quirk, a much easier path to foreclosure than the bank does. So if you're in trouble, you pay your association fees and get behind on your mortgage payments, which ruins your credit rating but at least you get to keep your house longer.
It is very difficult to find a new house here that does not come with such an association. And besides the foreclosure threat, they can tell you what color to paint your front door, how many cars you can have on your driveway (usually zero), and how many square feet of bluegrass must be irrigated in your garden...
by Frank Schnittger - May 23 32 comments
by gmoke - May 19 5 comments
by redstar - May 12 18 comments
by redstar - May 14 16 comments
by redstar - May 6 50 comments
by Frank Schnittger - May 2332 comments
by gmoke - May 195 comments
by redstar - May 1416 comments
by redstar - May 1218 comments
by redstar - May 650 comments
by In Wales - May 31 comment
by Luis de Sousa - May 113 comments
by talos - Apr 2949 comments