ACHA continues to receive reports from purchasers and homeowners throughout the state, as well as those out-of-state who are contemplating purchase in Alabama. They are citing concerns of abuse, neglect and breach of fiduciary duty centered round a lack of enforcement of CCRs, mismanagement and misappropriation of HOA funds, loss of property and facilities represented as common and unknown indebtedness, particularly in developments managed by a Developer/Declarant. It is believed conditions and complaints have rocketed as a result of declining economic conditions followed by a significant demand and drop in home sales. ACHA has presented information and recommendations to senators, legislative representatives, the Real Estate Commission, the Board of REALTORS and the Home Builders Association. Except for those few still in fact-finding mode, all agree something needs to be done to protect consumers.
According to Dawn Channer, Chairperson of ACHA, “Nothing short of legislative and constructive change will lessen concerns expressed by BRAC [Base Realignment and Closure] transferees and other potential purchasers. They’re too educated to accept an insincere patchwork attempt to placate and alleviate their fears.” At this point there is discussion about the following: proposed legislation during the January legislative session, mandated certification for HOA Managers, additional disclosure included with contracts of sale, additional disclosure on the MLS listing for homes located in an HOA and continuing education classes for REALTORS concerning the risks associated with selling property in an HOA.
ACHA wants to learn more about what other communities are experiencing and encourages the exchange of information and opinions. Networking will help create better Disclosure, Accountability and Protection options for purchasers and homeowners.
To learn more about promoting disclosure and transparency in your community, visit the Alabama Concerned Homeowners Alliance website at www.alabamahoa.org, contact them by e-mail at email@example.com or by phone at (256) 829-8774.