Massive Special Assessments Coming Your Way!
Homeowners in the Litchfield Plantation HOA in South Carolina are going to rue the day they bought into the neighborhood.
The former developer of the HOA was arrested for grand larceny after he transferred nearly a million bucks worth of HOA assets to his private company. The allegation was made by three residents of the community who got the developer ousted as president of the board and got themselves elected.
But a judge has ruled the developer was still in legal control of the HOA corporation when the money transfer was made, and that the three board members may have been improperly elected. The criminal complaint against the developer was dismissed. And guess what? The developer has now filed a massive defamation lawsuit against the Homeowners Association.
