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There is an HOA Fee, in fact it was just raised 14%. I was a little hesitant about not having an independent, nonprofit HOA. But as I was thinking about it, it doesn't really matter. Since the developer, Prestige Builders, owns over half the units, they control the HOA, Vintage Grand Home...

I am thinking of making an offer on a short sale in a complex that has an HOA that is controlled by the developer. A developer bought the apartment complex 3 years ago and began renovating and selling as condos. The bottom fell out of the market before they sold half of the 432 units. They are...