Exposing corruption in the affordable housing industry

By Deborah Goonan, Independent American Communities Do governments and private individuals spend affordable housing taxpayer dollars wisely? Critics say the industry is plagued by fraud and corruption. What exactly is “affordable housing?” How many times have you heard the industry claim that it’s essential to build condominiums in order to provide more affordable housing? Multiple meanings It depends on who is promoting affordability. Real estate agents and developers often sell home buyers on the concept that Continue ReadingExposing corruption in the affordable housing industry

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HOA, condo, & coop corruption, fraud, & theft roundup (Oct. 2018)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities HOA corruption and fraud takes many forms. This month’s roundup features several elaborate schemes, and plenty of dirty tricks. Authorities: Foreclosure lawyer Mark Stopa made nearly $5 million off clients’ homes Susan Taylor Martin, Tampa Bay Times Published: September 28, 2018 Updated: September 29, 2018 at 10:09 PM During the foreclosure crisis, thousands of Floridians turned to Mark Stopa for help in saving their homes. The 41-year-old St. Petersburg Continue ReadingHOA, condo, & coop corruption, fraud, & theft roundup (Oct. 2018)

Chicago condo owners file lawsuit to stop deconversion ‘fraud’

Gavel and legal books lawsuit court

By Deborah Goonan, Independent American Communities Updated October 9, 2018 Note: the updated version of this post corrects the record about Micheline Magharious. Based upon news sources cited at the time of the original post, a previous version of this article mistakenly stated that Magharious was a principal of Marc Realty. I have been informed by Kelly Elmore, Esq. of KSN that Magharious has never served as a principal at Marc Realty. Fourteen owners of Continue ReadingChicago condo owners file lawsuit to stop deconversion ‘fraud’

Lake association once again attempting to get neighbors to pay their HOA

Court law legal books gavel

By Deborah Goonan, Independent American Communities   Here’s a status update on Walker Lake Association, the Shohola, Pennsylvania, community that has been attempting to charge lake access fees to nearby residents who are not members of the lake association. Owners of property in Maple Park have deeded access rights to Walker Lake, and the Walker Lake Landowners Association (WLLA) believes it has the right to charge property owners with lake rights $325 per year. In Continue ReadingLake association once again attempting to get neighbors to pay their HOA