HOA, condo & co-op legislation report (Feb 2019-Part 2)

Rules restrictions hand written

Arizona Highlights of new and pending state legislation as of Feb. 2019, featuring Arizona, California, Idaho, and South Carolina. HOA would get paid last with new priority of payment proposal SB 1531 is a bill proposed by Arizona HOA trade group attorneys, sponsored by Senator David Farnsworth. It would change the priority of payment terms for both condominium and planned communities, to the advantage of HOA management companies, attorneys, and collection firms. Currently, Arizona statute Continue ReadingHOA, condo & co-op legislation report (Feb 2019-Part 2)

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HOA, condo & co-op corruption and fraud roundup (Jan 2019)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities   Long list of HOA theft and embezzlement in this month’s roundup, as well as attorney misconduct. The industry can no longer claim “isolated incidents.” Former manager accused of taking more than $100,000 from Lincoln Village area HOA By Wes Bowers Record Staff Writer Posted Jan 25, 2019 at 5:18 PM Updated Jan 25, 2019 at 5:18 PM STOCKTON — The former manager of a Lincoln Village area homeowners association Continue ReadingHOA, condo & co-op corruption and fraud roundup (Jan 2019)

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

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

Arrest handcuff fraud theft

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)