NancyM2 (California)
Posts: 249
Posts: 249
Posted:
My question would be what is required in disclosure statements. Our HOA attorney sends out a disclosure statement every quarter in the normal billing. It appears to have seven items under consideration. Included are two active law suits a (class action)that was settled three years ago, with no possibility of them coming back on us. (it's written in the settlement) One of the items about possible litigation over encroachments, which is old history and nothing ever done about it. Another item about possible suing former HOA attornys for malpractice, which is also old history with nothing being done about it. Another item is mentioned about an action that was settled recently and never went to court. as well as another mention of a suit we got dragged in on, and was recently settled in the court's.
Bottom line ~ two active (open) law suits. All these appear to make our community look very litigious to prospective buyers. Are all these necessary in a disclosure statement ?
I appreciate all input.
Nancy M.
Bottom line ~ two active (open) law suits. All these appear to make our community look very litigious to prospective buyers. Are all these necessary in a disclosure statement ?
I appreciate all input.
Nancy M.