If and when the HOA is transferred to residents of North Creek, does this mean the residents will be responsible for debts left unpaid by Genesis, such as the electric bill?
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If and when the HOA is transferred to residents of North Creek, does this mean the residents will be responsible for debts left unpaid by Genesis, such as the electric bill? |
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I asked the Property Manager that question and the answer was that the homeowners will take on both the assets and liabilities of the HOA. I am researching the issue now to see what the Missouri state laws are regarding the same. We will discuss this topic along with many other concerns on Tuesday eveing. I hope to see a good size group of homeowners at the meeting. If you want to discuss this further, please feel free to contact me. Remember, I do not represent the current HOA or it's officers and directors. I am a homeowner just like you, concerned and hopeful.
Trudy |
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I asked the Property Manager that question and the answer was that the homeowners will take on both the assets and liabilities of the HOA. I am researching the issue now to see what the Missouri state laws are regarding the same. We will discuss this topic along with many other concerns on Tuesday eveing. I hope to see a good size group of homeowners at the meeting. If you want to discuss this further, please feel free to contact me. Remember, I do not represent the current HOA or it's officers and directors. I am a homeowner just like you, concerned and hopeful.
Trudy
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I pray I'm wrong! Hopefully, the attorney can help us figure it all out. I am still trying to review the HOA books but they won't even return my phone calls...go figure. Hope to see you and all other homeowners Tuesday night. |