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

Money-100-dollar-bills-theft-embezzlement

By Deborah Goonan, Independent American Communities Debit card fraud, mortgage fraud, and common jewelry theft on this month’s roundup. McKenzie County HOA president accused of embezzling $30K (ND) By Jamie Kelly editor@willistonherald.com Jul 25, 2018 Police say the president of a McKenzie County homeowners association embezzled nearly $30,000 from the association. Russell Winchester, 55, was charged Wednesday with making deceptive writings in excess of $10,000, theft of between $10,000 and $50,000 and forgery of between Continue ReadingHOA, condo, & co-op corruption, fraud, & theft roundup (July 2018)

Attorneys for mortgage lenders explain how HOAs exploit the system

By Deborah Goonan, Independent American Communities Homeowners of property in association-governed communities should read the following article, and others like it, even though the intended audience is mortgage lenders. Why? Because savvy consumers should understand the Big Picture, and how all parties in a dispute over your property are affected. The following article covers the issues of HOA foreclosure (especially in nonjudicial states), excessive late fees and attorney fees, special assessments, and priority liens with Continue ReadingAttorneys for mortgage lenders explain how HOAs exploit the system

Years after vacating their homes, borrowers still can be stuck with HOA fees

Originally published in Tampa Bay Times By Susan Taylor Martin (June 16, 2015) Seven years ago, Renee Abuton realized she was juggling too much — student loans, car payments, mortgage payments and homeowners association fees. Abuton, then a single parent, declared bankruptcy and let the mortgage company repossess her Pasco County home. Once the company had the property, she figured, it would start paying the HOA fees. Wrong. Although Abuton had been locked out in Continue ReadingYears after vacating their homes, borrowers still can be stuck with HOA fees