What Happens When The Condo Blows Up?!?!

guest blog by Nila Ridings

If you live in a townhouse or condo this story is a must read. It contains details you may not have thought of. It raises awareness of how board members are not qualified to hire contractors and oversee construction rebuilds.

What it does not mention, unless I missed it, is the fact while you are displaced from your HOA property you are still paying for the mortgage, taxes, insurance, and HOA dues. All while you are paying for a place to stay unless your insurance provides coverage for temporary housing. And do they consider a year or two temporary?

The Rich, The Famous, and The Fraudster

guest blog by Nila Ridings

Perhaps this will serve as a reminder to NEVER PAY CASH TO YOUR HOA property manager, office manager, board members, or the door man!

We’re back in Aspen where a former manager of the Inn At Aspen has allegedly stolen $90,000. A Pitkin County judge is going to be seeing Saimoni Naivalu of Ivins, Utah again in September, but for now he’s lawyered up and bonded out of jail.

Saimoni created a company to do ‘maintenance’ for the Inn At Aspen. You know, the kind of ‘maintenance’ where the only task is cashing checks. These checks just happen to turn into cash…and that cash seems to have a way of sneaking into Naivalu’s billfold.

Another Scumbag Heads to Prison

With all the tens of billions of dollars being embezzled from homeowners and Homeowners Associations across the country, you’d think sending a crook to prison wouldn’t be that unusual a news story. Sadly, stories like the one linked below are pretty rare.

An embezzler in Utah who operates in a number of states has been sentenced by a federal judge in Nevada to three years in prison. Oh yes, he has to make four million dollars in restitution. At least those are the terms of his plea bargain. What? He stole all those millions and has no way to pay it back? Then why isn’t he in prison for life?

One Good Lawyer!!!!!!!!!!!!!!

Don’t beat me up! I know there are other good, honest HOA lawyers out there someplace. Well, at least one or two. But I haven’t met them yet.

But this lawyer actually ‘gets it!’ He understands about the kind of fascism found in many of America’s Homeowners Associations. He understands that HOAs are often a rat trap that ruin targeted homeowners at will.  He gets the fact that once a bully board is in control of the HOA they can unleash unbelievable racism, discrimination and abuse. He understands that HOA lawyers are a corrupt layer of infection that can quickly contaminate the atmosphere of a neighborhood. He understands that HOA lawyers have little or nothing to do with ‘justice,’ it’s all about how much money can be pocketed from homeowners who find themselves in a hopeless situation.

New York Condo Lawsuit

For some reason I don’t get many emails from New York, even though condo and co-op problems there are as bad as elsewhere.

But here’s an interesting lawsuit involving a New York condo dispute, in which the board appears to have intentionally targeted one homeowner, possibly as an attempt to get him to move out and sell his home to one of the board members.

With this kind of nastiness, what do you think that does to the character of a condominium? Does a Homeowners Association of any kind actually protect property values?

(link to New York condo lawsuit)