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New developer takes over HOA project and changes plans


Question:

Our developer we bankrupt and the bank sold the remaining 56 lot of the original 94 lots to a new developer. The new developer wants to change the plan and build duplex units lots originally planned as 4 unit townhome units. This would increase our lawn, and plowing, and irrigation expenses and decrease the assessments that we receive. Can a builder legally make changes to the association agreements and unilaterally make these changes to his benefit and the detriment of the association. There is a conflict of interest in our view.


Answers (9)

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