Detailed text transcripts for TV channel - FOXNEWS - 20150712:19:01:00
If you buy a home today in america, there's a one in five chance that you will end up living under rules imposed by what we call board of directors. usually elected by you, the local resident. this board has very broad powers, and based on certain guidelines, they dictate just about everything in a community from the color scheme, to how many cars with can be in the driveway, to how long the grass can be. a lot of states, they have the power to take your home if you don't make your monthly dues payment and assessment. very, very important to understand it. in some cases people really enjoy hom...