HOA Realities — living next to a retention pond or wetland

By Deborah Goonan, Independent American Communities Have you ever seen a real estate ad for a home boasting its “water view” or a “lake” view? Today’s post is a Buyer Beware message. Unless you’re viewing a home near a recreational lake — a real lake used for boating, fishing, swimming and other water sports — that ornamental “lake” is nothing more than a retention pond. Its primary purpose is to collect stormwater runoff for environmental Continue ReadingHOA Realities — living next to a retention pond or wetland

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

Arrest handcuff fraud theft

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)

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)

WA state HOA decides if rebuilding is worth the cost

By Deborah Goonan, Independent American Communities   Homeowners in Sudden Valley, a large-scale association-governed community in Bellingham, Washington, have been fighting for several years about whether or not to preserve HOA property. In fact, an article was previously published on IAC in 2015 , discussing the HOA’s difficulty in getting a new budget approved, and then getting enough homeowners to agree to fund the newly approved budget. As you will read in the following update Continue ReadingWA state HOA decides if rebuilding is worth the cost