John Sellers

I learn something new- and very disturbing- about HOAs seemingly every day.  Homeowner advocates and activists, with very good reason,  have been calling our homes the ATMs for the HOA industry.  Our homes are used as collateral for so many things other than our homes themselves.  When things get complicated it is even harder to untangle the threads to understand just what is going on and where our money is going.

John Sellers joins us On The Commons.  John is a former banker with a vast and broad knowledge and understanding of how finance works.  As an Arizona homeowner in multiple HOAs and one of the many homeowners who has done the two step with his HOA in the Arizona court system, he is now also an expert on HOAs and the laws governing them – or not.  John explains “pooling” and how that works in the insurance  industry when it comes to insuring HOAs.  If you think it is like a normal insurance policy you might buy, think again.   This is just one more leaky hole in the HOA scheme that leaves us vulnerable and puts our homes at risk. 

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Jan Bergemann

There is a rumor out there that buying a condo or a home in an HOA not only protects but also enhances property values. I still haven’t figured just out how that supposedly works.  But proponents of the regime insist it is so. For the sake of argument I’ll leave that alone for the time being.  But how on earth do they explain the fact that homeowners are responsible for the actions or inactions of the people either elected or hired and paid good money to “protect and enhance” your property?

Jan Bergemann joins us On The Commons.  Jan is a long time advocate and legislative activist for protecting the rights of home and condo owners in Florida.  Jan is the founder and President of the Florida based  Cyber Citizens for Justice .  He keeps a close watch on all the news related to housing, rentals, litigation involving homeowners and pending legislation that would affect the owners.  Many, if not all, of the stories end up on his web site.  One recent story involves a $7.5 Million award to a condo owner who seriously hurt himself when he fell into a hot tub that had been partially emptied, ill lit and left unprotected while the necessary repairs were being done.   We talk about the case and wonder just how much it will cost the owners in the condominium to cover any shortfall in the event that the insurance isn’t adequate to cover the entire $7.5 Million?  How does the assertion that a condo protects and enhances property values work in a situation like this? 

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