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Ely
Ely, Counselor at Law
Category: Real Estate Law
Satisfied Customers: 101533
Experience:  Qualified attorney in private practice including business, family, criminal, and real estate issues.
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Our HOA takes money out of the Reserves at their pleasure,

Customer Question

Our HOA takes money out of the Reserves at their pleasure, even though our Bylaws say money can only be taken our for major repairs. I'm talking about over $1,000,000 in a 100 Sp Senior park.
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Ely replied 1 year ago.

Hello and welcome to JustAnswer. Please note: (A) This is general information and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. By continuing, you confirm that you understand and agree to these terms; and (B) please wait to rate until I ask you to do so. It may take a few replies for me to be able to render an complete answer. I will let you know when I do.

What is the money used FOR, exactly?

This is not an answer, but an information request. I need this information to answer your question. Please reply, so I can answer your question. Thank you in advance.

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