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.

Millions and millions of dollars are going to be spent in this case. And who will win? Not a tough question. The lawyers will win.

And who will lose? Also, not tough. Individual homeowners who didn’t even know they were involved in a lawsuit will have to come up with the millions of dollars that are going to be flung into the pockets of lawyers at the respective law firms.

Litchfield Plantation homeowners? This lawsuit will only be financed through special assessments against your homes. You folks thought you were buying into a nice peaceful neighborhood. It’s going to be an angry cauldron with a lot of you paying a nasty price.

Welcome to HOA Amerika.

(click here for Litchfield story)

 

 

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.