About half of all new residential communities and condominium developments have Homeowners Associations (HOAs) set up by the developers. Generally, this is to ensure that a governing board of residents will work to maintain the integrity of the commons areas and make sure owners follow the rules set forth to protect property valuation.
According to The Washington Post, more than one-third of all real estate transactions require "extraordinary work" to resolve a title issue. A title dispute typically arises when there is a disagreement over the specific owner of a piece of property or the area of land covered by the specified property.
The majority of existing homes are often renovated or upgraded before they are sold. Unfortunately, finding an undisclosed defect after buying a home can be extremely frustrating and potentially costly. If you discover an undisclosed defect after the closing of escrow, you should consult with an attorney to protect your legal rights.
