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When Special Assessments Lead to Special Occasions
When Special Assessments Lead to Special Occasions
 
"Well, what would you do in my situation?"
 
Don't we all get this question from time to time?  I know that for me, responding with first-hand experience imparts a validity that perhaps another California mortgage lender might not have.  So I am happy to share with clients and prospects what I know, when appropriate, not only as a home loan professional, but also as a property owner and president of two homeowners associations (HOA).
 
The first property I owned was a condominium unit at Larkspur Isle, in Larkspur, California.  A great little place on the water in Marin County, about 15 minutes north of the Golden Gate Bridge, I later kept it as a rental unit.  I always felt it essential to stay engaged in the leadership decisions that impacted my investment and its value and twelve years later I remain on the board as president of the HOA.  
 
Like many HOA's, we rely heavily on external professional management, and years ago, together realized that we were facing a critical time in our property's life.  It sunk in that if we did not take a serious and comprehensive look at funding and improving many ... more

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