Question:
This question is submitted by Michael T. out of Illinois
My HOA Board ripped down my wood roof deck along with a few others in a 200+ unit complex and replaced them with steel, porcelain, and aluminum giant connected structures that forced us to pay around $60-80k each as a special assessment.
They made up their minds they wanted to do this but wood is at least 5 times cheaper and up to code. Is this a breach of the fiduciary obligation outlined in the ILCA? If we can't pay it, our home goes into lien and we lose it?
They made up their minds they wanted to do this but wood is at least 5 times cheaper and up to code. Is this a breach of the fiduciary obligation outlined in the ILCA? If we can't pay it, our home goes into lien and we lose it?
Thoughts?
Answers (7)
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