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Senate Bill 254 is a community association law concerning homeowner association fees that passed by the state Assembly in Nevada on Memorial Day. SB254 aims to simplify the a complicated and time consuming process of addressing homeowner complaints. Normally when a complaint can’t be solved via mediation, the next step is arbitration. Arbitration goes against homeowners in a significant portion of all cases, and involves costly lawyer [...] by Wade I purchased a house in 2008 for $145,000. The neighboring homes were selling for $180,000 (it’s a condo so they are all identical) however I was able to negotiate a lower price as the HOA was suing the former builder and the bank was motivated to sell due to uncertainty in the market (everything was collapsing their world was on fire). I used private financing at 100% of cost [...] |
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