The Community Associations Institute has once again demonstrated its raw power over State Legislators, this time in Colorado. But that’s what 55 billion dollars a year buys you. A couple of years ago, Colorado outlawed transfer fees for all home sales, except those in Homeowners Associations! Why? The CAI waived its magic cash wand over the Legislature and argued that HOA management companies have exceptionally high costs when a home changes hands.
High Costs? A single photocopy of an already existing document generates a high cost? A photocopy, an envelope and a stamp should cost anywhere from 300 to 4000 bucks? Keep in mind this money doesn’t go to Homeowners Associations, it just slides into a private pocket at the HOA management company. It’s raw profit. In Colorado alone it’s an annual transfer of 15 million dollars from homeowners to CAI affiliated management companies. Read more: http://neighborsatwar.com/2014/02/cai-guts-colorado-transfer-fee-bill/