Guess who advises Delaware AG on HOA regulation?

Woman question wonder HOA regulation

By Deborah Goonan, Independent American Communities Unbelievable but true: The community association industry trade group, whose members feed off of common interest communities, advises the Delaware State Attorney General on how to “regulate” HOAs. Pardon the cliche, but that’s like the fox watching the henhouse. Seeing is believing, so here are some screenshots to prove my point. Delaware AG’s “Fraud and Consumer Protection” web page is little more than an ad campaign for Community Associations Continue ReadingGuess who advises Delaware AG on HOA regulation?

HOA, condo & co-op corruption and fraud roundup (Dec 2018)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities This month’s roundup includes some high level corruption implicating real estate developers, some of them working for local housing authorities, as well as suspected money laundering in Boston. Developer charged Wilmington residents thousands for HOA that doesn’t really exist. So, where’s the money? (NC) Telesis is a for-profit developer that specializes in public-private housing projects; through its management company, Telesis allegedly charged residents of Wilmington’s Jervay Communities tens of Continue ReadingHOA, condo & co-op corruption and fraud roundup (Dec 2018)

HOA, condo & co-op corruption and fraud roundup (Nov 2018)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities The November 2018 roundup includes reports of HOA corruption from embezzlement to wire transfer fraud to money laundering. Orange Sheriff’s Office investigating reported $400K embezzlement from Lake of the Woods Association (VA) By Allison Brophy Champion Culpepper Star-Exponent Nov 27, 2018 The Orange County Sheriff’s Office is investigating the reported embezzlement of more than $400,000 from the Lake of the Woods Association by a former employee, according to a Continue ReadingHOA, condo & co-op corruption and fraud roundup (Nov 2018)

HOA private security raid by IN State Police

Indiana state police emblem

By Deborah Goonan, Independent American Communities What can go wrong when homeowners’ associations (HOAs) rely on private security guards to “police” their exclusive communities? How about an HOA private security raid by Indiana State Police? Earlier this month, Indiana’s Attorney General ordered an investigation of private security officers at Lakes of Four Seasons . LOFS is a gated community of 7,300 residents in Northwest Indiana. The private community, originally established in 1966, surrounds an 18-hole golf Continue ReadingHOA private security raid by IN State Police