What the hell is a general semi-annual assesment fee

[OSUBlazerfan]

I just recently purchased a house and i am part of a homeowners association to which i pay a MONTHLY homeowners association fee of 33$.

I just got another bill in the mail for a general semi-annual assesment fee for 350$ for the next 6 months. What the fuck is that?

Anybody know what the hell this is? I would call em but obviously they're closed

 

[J~Rush]

http://www.ocregister.com/articles/county-31228-hoas-associations.html

This might be of some help.

 

[Eastoff]

I can tell you exactly what it is. It's you getting fucked over!

 

[MARIS61]

I just recently purchased a house and i am part of a homeowners association to which i pay a MONTHLY homeowners association fee of 33$.

I just got another bill in the mail for a general semi-annual assesment fee for 350$ for the next 6 months. What the fuck is that?

Anybody know what the hell this is? I would call em but obviously they're closed

Since you recently purchased, I'd suggest asking your Realtor about it.

Usually anything in addition to the monthly or yearly dues is voted on by the HOA membership and is for one-time projects like road improvement or creating a playground...The cost may be split over several years. For example, an HOA down here is paving all their roads and members pay an additional $500 yr for the next 3 years to cover it. In your case, "general semi-annual assesment fee" sounds more like a permanent slush fund which should have been disclosed as part of your regular HOA costs.

As a Realtor, I do my best to be aware of these situations when showing property so my client sees the total cost in the home. All it takes is a call to the HOA to ask about any upcoming projects or assessments.

 

[EL PRESIDENTE]

Its undercoating for your house!