Gunfight in the “Not OK Corral?”

Some desperate homeowners in the underwater mortgage markets of California, Nevada and Florida may be turning to a garish, and undoubtedly illegal way of keeping up with the mortgage. They’re allowing their homes to be turned into giant billboards.

Reuters News Service is reporting on a family in Buena Park, California who permitted a marketing firm to convert its home into a giant “Brainiacs From Mars” billboard. Some neighbors are furious, even to the point of threatening gunfire. Others are looking at their own underwater mortgages and wondering if they should take a second look at accepting a second stream of income.

The marketing firm says it has about 38,000 applications from eager homeowners around the country. The campaign will generate lots of publicity for “Brainiacs,” but it’ll be a rare billboard that stands for more than a month.

Although homeowners have been promised up to a year’s worth of mortgage payments, city codes and HOA covenants will soon come crashing down on advertising that doesn’t conform to local laws.

Ward Lucas
Author of
Neighbors At War: The Creepy Case Against Your Homeowners Association

Please follow & like us :)

About

Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.