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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.