Colorado HOA Forum HOA HOMEOWNER ADVOCATES
MISSION, PRIORITIES, PROPOSALS
Implement an out of court binding dispute resolution process within the State HOA Office to resolve homeowner complaints with their HOA Board concering violations of State HOA law and/or HOA governing documents. This to be funded through HOA registratin fees of $1.75 - 2.00 per year per homeowner. The level of service in this process will be limited by the fee assessment and not require any taxpayer funding . Our proposal Flow chart Learn about dispute resolution HOA Foreclsoure Reform: end the practice of allowing the sale of HOA foreclosed homes for pennies on the dollar and the related super lien that encourages this; limit attorney fees on collection and foreclosure actions; end the practice of HOA's depending on fines and fees for revenue; and provide for an affordable out of court dispute resolution process for hommeowners to contest all actions leading up to foreclosure. Our Proposal . Require the HOA Registration process to include a requirement that each HOA download all HOA official documentation into a State HOA data base: Spcifically but not limited to documentation required by DORA in the Contract to Buy and Sell Real Estate. Improve the HOA Registration process to collect and publish on State HOA Office web site: each HOA'sproperty management company with the address, telephone number and email address; a certification that all Board members read their own HOA governing documents and viewed the State HOA Office's most current public presentation on HOA governance and have transmitted to the Office copies of all official documents required by DORA to be provided home buyers as defined in the Contract to Buy and Sell Real Estate.
Revive the HOA property manager (PM) licensing program that was vetoed in 2019. Improve upon the previous program: require PMs to provide detailed receipts to home owners they bill and a statement on invoice and in contracts with HOAs indicating that such billing represents work not reimbursed to them with their contract with the HOA and such charges are unique and extraordinary, including billings for HOA Home Sale Transfer Fees, and not previously paid for with HOA monthly assessments State Sunrise Report supporting this proposition HOA Home Sale Transfer Reform: fee must be supported by a detailed invoice to the payee and limits chrages to the home seller to unique and extraordinary expenses incurred by the HOA property management company in the sale of a home Our proposal
Require a home buyer and their agent/Realtor to certify they received, read and understand the HOA governing documents prior to home closing.
Require licensing of time share property managers
Term limits on HOA Board members when others are willing to serve
Limit the amount of special assessments without homeowner vote Preclude HOAs from entering into any non-routine litigation without homeowner approval
Require HOA rental property owners to utilize part of every rent payment to pay HOA dues Preclude the practice of an HOA that relies upon fines and fees to fund operational cost
Election and voting reform including banning default proxies to Boards, hoarding proxy ballots and preclude Board members from being involved in the receipt of any proxy. Allow for on-line voting.
Disclosure of Metro District debt on property as part of home closing process
Prohibit the use of non-disclosure agreements for Board members that preclude Board members from discussing non-confidential information with fellow home owners HOA foreclosure reform to limit amounts of ad-on charges to debt and legal fees; improve homeowner notification process throughout the debt collection process; and end the HOA super lien and the sale of foreclosed homes at home sale auctions for less then 75% of their market value . HOA Insurance: 1) Require HOAs to complete a presentation each year on the topic of insurance. Inform homeowners of the financial responsibilitie in the event of a disaster, explain how the HOA can/must pay its deductible in the event of a a major repair or replacement of community property, explain how the HOA's insurance policy deductible was determined, review the recommended homeowner's insurance policy for residence such as an HO-6 policy and explain the option to obtain loss assessment insurance that can mitigate a homeowners out-of-pocket with an insurance special assessment and 2) include as part of the HOA registration process a confirmation that this process has been completed and when.