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Porch Group’s insurance carrier Homeowners of America placed under regulatory supervision

Housing Wire

Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators. court which it said will enable it to pursue legal action against those responsible for a fake collateral scandal. according to Porch.

Insurance 435
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Opinion: More can be done to shorten the average time to close

Housing Wire

Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. And then, there’s the process of dealing with the property’s Home Owners Association (HOA) or even simply determining whether one is involved at all.

HOA 488
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WA zoning law changes will exempt some wealthy neighborhoods

Housing Wire

However, neighborhoods with associations or other “common interest communities” with legally-binding zoning rules would be exempt, according to the Seattle Times. The term “common interest communities” can apply to larger planned developments or smaller housing subdivisions and condominiums, according to the Times.

Law 397
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Opinion: More should be done to shorten the average time to close

Housing Wire

And the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. And then, there’s the process of dealing with the property’s Homeowners Association (HOA) or even simply determining whether one is involved at all.

HOA 459
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Classifying Mortgages and HOA Super Liens

Appraisal Buzz

Factually, a group of entities known as “Fendee” built a housing development that included a homeowner’s association. In September 2021, Fendee recorded its lien against Gould for unpaid association assessments, fines, penalties, interest, and legal fees. The governing documents for the association were recorded in 2013.

HOA 221
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The Rise of ADUs: What Lenders and Borrowers Need to Know

Appraisal Buzz

In California alone, John Burns Research and Consulting pulled data from the California Department of Housing and Community Development that shows ADU construction went from 3,000 units per year in 2018, to 23,000 a year in 2023. Not following local zoning regulations can lead to fines, penalties, and even possibly legal action.

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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. ICON, an Austin based firm, has developed a 3D printed wall system.

HOA 370