All Forum Posts by: Randall E Collins

Thanks Dan. Your situation sounds a lot like mine. Neither the HOA nor any POA should have that much power to just take a man's property when they do not do as promised. I don't know of any law or rules they must follow. We could maybe take them to court in a lawsuit. But, that's too costly and would be a gamble as well. Just a hunch on my part. Say, I can't find any documents wherein I agreed to pay POA dues upon my purchase. I assume there's still nothing I can do about it. In conclusion, it's all a rip-off. If I had done my due diligence before my purchase, I would not have made the purchase. In addition, my water bill is extremely high, which I found out about after I moved in. I'm currently paying $160.00 per month. I assume the POA receives some of that as well. Another rip-off!

 Thanks Brad. I understand your situation, doesn't sound promising. Just know you're not the first to make a bad investment. Sadly, investing is like gambling. Prayerfully, you haven't lost your money. At least you're still able to sell and can learn for the experience.

Thank you, Chris! 

I remember you from the past. When I was in the wholesale business. Due to my poor health, I had to shut down. So it's been a while since we connected. I called the mortgage company to find that the number is disconnected, I suppose they went out of business. I was very concerned as to what to do. Your advice is very much appreciated. I should have all of the documents from when I purchased the property. I know I have the deed at least. My plan was to search all of the documents to see if there was any signed agreement concerning POA dues. I cannot afford to hire an attorney. So I'm on my own on this one. Thanks again!

I purchased the land from an individual mortgage company and paid cash for the home. I honestly do not know of any closing documentation wherein I agreed to pay POA dues. Good advice, however. Possibly Monday, I should contact the mortgage company and ask. Thank you!

I currently reside in a Community in East Texas. I own the property and the home. However, I am being charged yearly POA dues simply because my property is located within the community. Allegedly, the dues are for covering the cost of road work, use of the trash compactor, swimming pool, and boat ramp. However, I do not utilize any of these, and the roads are not being repaired or cleared of trash. I do not feel like I should be required to pay any POA dues. I mean, seriously, I am paying for service not rendered. Can anyone offer me any advice? And what might be the law in this regard?

Currently, I have a homestead on my property so my taxes are not too high. And up-to-date. The homestead should remain in place when I'm gone because I will still be the owner. As I just mentioned to Mr. Seveney the buyer seems to know what needs to be done. All I can do is trust him, I'd say so long as he's happy I'll be alright in the end.

Thank you, Mr. Seveney, If my memory is correct you and I have chatted in the past. As I was a Hole-Seller, LOL. I agree, hiring a real estate attorney would be the best way. However, I survive on a limited small, fixed-income. As such hiring an attorney is out of the equation. I had hoped to do this myself because I am good at drafting contracts. Maybe I'm putting the cart before the horse by asking questions. The buyer is an experienced investor. Yesterday he mentioned that he knows someone who can draw up a contract. For now, I suppose the best I can do is hide and watch.

This post is directed toward professionals who know real estate in and out. I own land and a fairly new mobile home in Henderson Co. Texas. I have stage four COPD and I'm not expected to live much longer. My daughter is the sole beneficiary of all my belongings upon my death. However, I have received an offer on my property from a very good and trustworthy friend that I have agreed to accept. I have spoken with my daughter and she has agreed as well. He has proposed to pay me a certain amount towards the sale of my property until my death. If I die before receiving the full purchase amount my friend will pay my daughter the remainder. Would someone please tell me what sort of contractual agreement should I draft and or title?"