By Deborah Goonan, Independent American Communities Updates on the status of the HOA super priority lien. In a post entitled Is the HOA Priority Lien necessary and beneficial? (June 9, 2016), I made the case against the HOA super priority lien as a tool for associations and real estate investors to extinguish or “wipe out” bank liens for first mortgages. Based upon documented facts provided in the article, I concluded that Community Association Institute’s (CAI) argument Continue ReadingBattle HOA for super priority lien supremacy continues
By Deborah Goonan, Independent American Communities Several readers have circulated the latest AARP article on HOAs, which highlights the problem of older Americans who lose their homes to HOA foreclosure for unpaid assessment debts. While most HOAs have the legal right to place a lien on a home for nonpayment of assessments, the draconian HOA foreclosure process can rob a homeowner of all the equity in the house. Sometimes, the homeowner is still on the hook Continue ReadingWill AARP help rein in HOA abuse?
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)
HOA, condo, housing coop reports of alleged fraud, conflicts of interest, theft by managers, board Treasurers and Presidents Continue ReadingHOA, condo & co-op corruption, fraud, & theft roundup (Sept. 2018)