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Are Homeowners associations allowed to disperse the settlement monies to homeowners only upon their approval?
Wiki User
∙ 12y ago
It all depends on the terms of the association contract you signed when you bought your property. There are all kinds of arcane language limiting a property owners rights in the HOA's.
That's why I never buy property in an HOA.
Wiki User
∙ 12y ago
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Can a trampoline be put in an area where there is a homeowners association?
With the approval of your HOA it may be, but I wouldn't imagine they are likely to approve it.
Can you choose how much coverage you want for homeowners insurance or does the insurance company have the right to drastically increase your coverage without your approval?
It is unlawful to intentionally under insure your home. Your insurance company is required to review your homeowners policy regularly to insure that you are properly insured and that your homeowners policy is in compliance with the law as well as the terms of any associated mortgage note.
Does homeowners insurance cover drilling a new well?
No, plus there is a special number you need to call for city or Township approval before digging, they offer insurance to the dig
What can i do if i left my bicycle in my aunts garage with her ok but then her husband leaves it outside next to the garage with her approval and it gets stolen?
You can report is stolen and hope their homeowners insurance will cover its replacement.
How can a homeowners association vacate their subdivision covenants?
In order to vacate subdivision covenants, a homeowners association would typically need to follow a legal process. This may involve obtaining approval from a majority or supermajority of homeowners, consulting with legal counsel, and filing a petition with the appropriate court. The specific steps and requirements will vary depending on the jurisdiction and the language of the covenants.
What is North Carolina law to dissolve homeowners association?
In North Carolina, the process to dissolve a homeowners association should be carried out according to the provisions outlined in the association's governing documents, such as the bylaws or declaration. Typically, the process involves obtaining approval from the majority of the homeowners, followed by a formal vote to dissolve the association. Additionally, any outstanding debts or obligations of the association must be resolved before dissolution can occur. It is advisable to consult with a lawyer or a professional familiar with North Carolina HOA laws to ensure compliance with all relevant legal requirements.
I want to become agent for car insurance?
You would actually have to be sponsored by an insurance company to be eligible to take your Property & Casualty exam. You would need an approval for hire upon completing and passing of the exam. Although be careful what you wish...being an auto insurance agent is very labor intensive. Homeowners and business insurance is a piece of cake.
What is the difference between a mortgage lender and a mortgage noteholder?
Mortgage lenders provide the actual money for the loan and take homeowners through the funding/approval process. Mortgage lenders may sell your mortgage to an investment bank after it is funded, and that investment bank becomes the note holder. Any bank that buys your mortgage after it is funded becomes the note holder.
When will you get your loan modification?
The time it takes to finalize a loan modification depends on a number of issues. The first is how long it takes the homeowners to get back on their feet financially and be able to afford any type of monthly mortgage payment. It also takes time to contact the bank and discuss what options are available, and get the application for the modification. Homeowners then need to spend time obtaining financial documents such as bank statements and tax returns, and send this information to the lender. If a servicing company is involved, it will have to send the loan modification application to the actual owners of the loan who have authority to approve or deny the modification. If the modification is approved, it can go into effect within a period of weeks to a month after the borrowers are informed of the approval. The entire process can take from a few weeks to six months for some homeowners. Those working with private companies, housing counselors, or attorneys may be able to negotiate an agreement more quickly than debtors working on their own.
How long will it take to incorporate a homeowners association?
Your association counsel can take you through this process. You may need the approval of all shareholders -- owners, or an uber-majority of them before taking this legal step. Read your governing documents to confirm that the board has the power and authority to take this step, and the process that can be involved in your state. There is no standard on the length of time involved in completing this process: from your question, it is unclear where you are starting.
Does approval for surgery mean your workman's comp case accepted?
The insurance plan - yes, your settlement/treatment, etc., no.
What two items did the Virginia Company need before it could build a settlement in Virginia?
They needed financial investment an the approval of British royalty.
