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Recent content by des-hoa
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Can a Florida HOA Board eliminate a viable asset in the balance sheet without any kind of notice?
Guess my question needs a slight revision. The FL statue 55.081 Statute of limitations, lien of judgment. — Subject to the provisions of s. 55.10, (which states prior to July 1, 1987) no judgment, order, or decree of any court shall be a lien upon real or personal property within the state after...- des-hoa
- Post #7
- Forum: Condos and Co-Ops
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Can a Florida HOA Board eliminate a viable asset in the balance sheet without any kind of notice?
In 2009 our Florida HOA obtained a court ordered judgement again a homeowner. The original judgement was $35,000 if the interest was collected its value today would be $95,000. The HOA showed it on the balance sheet ever since as a positive asset and backed it out as liability (entered in part...- des-hoa
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- Replies: 10
- Forum: Condos and Co-Ops