By Deborah Goonan, Independent American Communities This month: more condo HOA managers under investigation, several sentenced after pleading guilty to theft and money laundering; FBI probe in Miami; condo owners catch maintenance worker stealing their stuff. Illinois Condo President says former management company left them bankrupt CBS2 Chicago, reports that Drexel Condo Association President Natasha Neptune, has filed a complaint with Illinois Department of Financial Professional Regulation against the association’s former management company. Neptune says Continue ReadingHOA, condo & co-op corruption and fraud roundup (March 2019)
By Deborah Goonan, Independent American Communities Updated May 16, 2019 End of session summary of several bills impacting HOA-governed communities, tracked by Arizona Homeowners Coalition (AZHOC). Subjects: Applicability of Planned Community Act, HOA foreclosure, Condominium Association termination HB2374 and SB1094 HB2374 Planned Communities; applicability; recreation center Sun Cities Recreation Centers heavily promoted HB2374, and then SB1094, for the express purpose of exempting themselves from compliance with Arizona Planned Communities Act. As of March 23, according Continue ReadingArizona Legislative updates: Assessments, HOA foreclosure, Condominium Association termination (2019)
By Deborah Goonan, Independent American Communities A few weeks ago, in Part 1 of the February legislative updates, I told you about a controversial foreclosure bill sponsored by Arizona Senator David Farnsworth. As currently drafted, homeowner rights advocates agree: homeowners with past due HOA assessments, on payment plans the HOA, would end up paying collection attorneys fees first, ahead of their HOAs. SB 1531, was originally proposed by AACM, Arizona Association of Community Managers. It Continue ReadingWill AZ Senate amend HOA foreclosure bill as promised?
By Deborah Goonan, Independent American Communities This month’s roundup: light sentences and no jail for convicted HOA embezzlers; an affordable housing developer disappears with deposit money; and unqualified owners of affordable housing forced to sell the home. No jail for man who stole $352K from Galloway homeowners group (NJ) February 25, 2019 11:41 am Lynda Cohen A man who stole more than $352,000 from a Galloway Township homeowners association was sentenced to 90 days on Continue ReadingHOA, condo & co-op corruption and fraud roundup (Feb. 2019)