Homeowner Bill On Governor’s Desk
A bill requiring California´s homeowner associations to give buyers better financial information is headed to the desk of Governor Schwarzenegger.
The governor must decide whether potential buyers should get user-friendly summaries of their dues and potential hikes in years ahead. California´s real estate agents say too many clients are complaining about unexpected increases after they move in. Experts say more hikes may be coming.
More than a third of the state´s private communities may not have enough in reserve to keep up their properties.