Hot Springs Village Assessments

Hot Springs Village Assessments

Posted in the Hot Springs Village Forum

tori

East Saint Louis, IL

#1 Apr 20, 2012
Have a question- how can Hot Springs Village charge a late fee or interest on delinquent assessment fees? Since the assessment fees are paid by consumers who own property in the village, and already are paying real estate taxes along with the assessment fees, are they not protected by consumer laws?

The reason I am asking, is when we bought our lot and our property, 2 seperate pieces of property, we did not sign any agreement that we would agree to pay late fees or interest on a past due assessment fee. And we have to pay a monthly assessment fee on each property. Our assessment fees are current, but if something would happen they would become delinquent, how can the late fees and interest be charged if an agreement to this was not signed at time of purdchase?

Any information on this is certainly appreciated!!
tori

East Saint Louis, IL

#2 Apr 22, 2012
tori wrote:
Have a question- how can Hot Springs Village charge a late fee or interest on delinquent assessment fees? Since the assessment fees are paid by consumers who own property in the village, and already are paying real estate taxes along with the assessment fees, are they not protected by consumer laws?
The reason I am asking, is when we bought our lot and our property, 2 seperate pieces of property, we did not sign any agreement that we would agree to pay late fees or interest on a past due assessment fee. And we have to pay a monthly assessment fee on each property. Our assessment fees are current, but if something would happen they would become delinquent, how can the late fees and interest be charged if an agreement to this was not signed at time of purdchase?
Any information on this is certainly appreciated!!
I guess you villagers are too chicken to speak out against this so called heaven on earth- you better wake up! This was sold to my family as a retirement community- now all I see in the village is drugs, kids, abuse of all kinds!! Not much of a retirement village to me!I am thinking of selling my property to a management firm so they can put a family with 10 kids in there and live off the state of Arkansas!!

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