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| Yosemite Coyote |
The HOA will be presenting an update on conversion at their meeting Tuesday, November 12, 6:30 pm, Upper Clubhouse.
Here are three questions I hope they address:
Question #1. In the November, 2013, HOA Newsletter, they state: "If this subdivision goes through everyone will likely lose an average of $100,000 or more of the investment in their home."
If the average of all home sales in the park during 2012 and 2013 is somewhere in the neighborhood of $80,000, could you tell us how everyone will lose $100,000 or more of the investment in their homes? While a few residents may have done extensive remodeling, I doubt that everyone has.
Question #2. In the November, 2013, HOA Newsletter, they state: "Our attorney has already filed our preliminary opposition to this conversion because we need to know "the price" before we can vote on whether we are in favor of the conversion.
Could you tell us where your attorney filed your preliminary opposition? No one I've talked with seems to know of a way to "file" opposition at this point. If your attorney filed opposition, why isn't this filing publicly available and why hasn't it been presented to the owner or the owner's attorney?
Question #3. What are your plans to protect the park if your actions wind up throwing the park into litigation?
Litigation is a normal next step that can last for years after a conversion process has been denied. This creates a limbo state which most potential park residents avoid, putting downward pressure on home values and lengthening the time it takes to find a new buyer.
How can you assure us that YOUR actions will not make us lose value in our homes?
