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How healthy is your HOA?

Part 2: Avoiding the bad condo blues

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: This is Part 2 of a three-part series. Read Part 1:"Condo rules a deal-breaker for some." Meet Bernice Ross at the upcoming Real Estate Connect conference in San Francisco, which runs from Aug. 5-7, 2009. She will be available to meet with conference attendees from 12:30 p.m. to 1:30 p.m. on Thursday, Aug. 6, in the Palace Hotel's Ralston Room. Click here to send Bernice a message. Before buying a condominium, one of the most important areas to investigate is the financial health of the Homeowners Association (HOA). It's important to know the financial health of the HOA. Part 1 of this series looked at two important questions to ask if you are purchasing a condominium: "What type of ownership are you purchasing?" and "What obligations and restrictions do the CC&Rs (covenants, codes and restrictions) place on you?" A third equally important issue deals with your HOA Dues. Is the HOA healthy financially? All condominium as...