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

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 …

HOA, condo & co-op corruption, fraud, & theft roundup (Sept. 2018)

HOA, condo, housing coop reports of alleged fraud, conflicts of interest, theft by managers, board Treasurers and Presidents

Proof positive that HOA priority lien does more harm than good

By Deborah Goonan, Independent American Communities KTNV’s Darcy Spears, founder of the HOA Hall of Shame, recently investigated an outrageous case of a homeowner’s association that foreclosed on a half-million dollar property for a measly $30,000. Las Vegas woman's home goes to auction before short sale completed due to delinquent HOA dues Darcy Spears 4:23 …

Denver’s affordable housing debacle

By Deborah Goonan, Independent American Communities Updated June 9, 2018 The following Denver Post article highlights everything that is wrong with the concept of "affordable housing" built by private developers, and then offered for sale with price controls and income restrictions on home buyers. Here's how the system works. The City of Denver makes a …

Omaha townhouse owners sued because of deck color

Homeowners say previous HOA board approved white paint for their deck 10 years ago By Deborah Goonan, Independent American Communities   Omaha homeowners Mike and Sheila Lyons have joined forces with a third neighbor to defend their property rights in a lawsuit filed against them by their homeowners association. The reason for the lawsuit, described …

HOA blames deed restrictions for delays in reconstruction following Hurricane Harvey

Meyerland Community Improvement Association seeks to amend its restrictions. But will that benefit property owners? By Deborah Goonan, Independent American Communities   Last autumn, Hurricane Harvey hit homes in Meyerland, Texas, hard. Some properties took on several feet of water, and were damaged beyond repair. (See these photos from the Houston Chronicle to see flooding …

AZ Legislator withdraws HOA foreclosure bill

By Deborah Goonan, Independent American Communities   UPDATE: It appears that a public awareness campaign and significant media coverage has prompted Arizona Senator John Kavanagh to withdraw SB1080, the bill that would have made it even easier for an HOA to foreclose. If you missed the orginal post explaining SB1080, it’s reposted below. State senator …

AZ Legislator wants to make it easier for HOAs to foreclose

By Deborah Goonan, Independent American Communities In 2017, I posted an article highlighting The Arizona Republic investigation of a sharp increase in foreclosures by homeowners and condominium associations. In The Arizona Republic article, Attorney Jonathan Dessaules blamed the spike in HOA, and condo association foreclosures — a record of 330 within one year — on opportunistic …

AZ condo owners win legal fight over $5M special assessment

New condo board faces difficult decisions - How to pay for new A/C without alienating condo owners   Image courtesy of https://quincemedia.com (3D illustration by Quince Media) By Deborah Goonan, Independent American Communities The story of the iconic Phoenix Landmark Condominium, as reported by Catherine Reagor and Jessica Boehm of The Republic, is a typical …

Nevada 9th Circuit: Super priority lien cannot extinguish Freddie Mac mortgage without consent

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By Deborah Goonan, Independent American Communities   Some opportunistic Nevada real estate investors and HOA foreclosure attorneys are likely displeased with a recent Opinion filed by Judge Kimberly J. Mueller in the Ninth Circuit Court of Appeals. Mueller ruled that the Federal Foreclosure Bar overrides Nevada statute’s intent to extinguish a first mortgage as a …