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)

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NC Homeowners Associations hope to get their day in Federal Court

By Deborah Goonan, Independent American Communities Last summer, I posted an article about several lake communities struggling to pay to fix dams that are no longer safe or functional. In that article, I cited as an example several North Carolina lake communities. Devonwood-Loch Lomond, Rayconda and the Strickland Bridge Road Homeowners Associations’ and residents’ filed a Federal lawsuit to force the city of Fayetteville to rebuild their lakes’dams, all of which were breached during Hurricane Continue ReadingNC Homeowners Associations hope to get their day in Federal Court

Condo owners, tenants deal with safety hazards

Condo apartmentInterior 3

By Deborah Goonan, Independent American Communities Buyers and investors purchase condos, expecting that the association will maintain a safe and attractive property. Unfortunately, many condo owners find that their HOA doesn’t live up to their expectations. Even worse, some condo HOAs put off major repairs and avoids renovations. In other cases, deferred maintenance or shoddy renovations result in safety hazards. Check out this roundup of condominiums that aren’t aging well.     Balconies could collapse Continue ReadingCondo owners, tenants deal with safety hazards

Sometimes HOAs transform their planned communities into cities

estate homes houses for sale pond lake

By Deborah Goonan, Independent American Communities Homeowners frequently debate whether homeonwers’ associations are “real” government, or merely private organizations. So the topic of incorporation — creation of a new town or city — is often misunderstood. Many readers assume that, if an HOA decides to become a city, the HOA ceases to exist. Usually, that’s not the case. There’s no legal requirement for an HOA (or POA) to disband or dissolve once a city or Continue ReadingSometimes HOAs transform their planned communities into cities