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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