by guest blogger Nila Ridings
Pine Village North HOA in Houston, Texas is not fooling former board members Martha Preston and Christopher Mitchell. Over $550,000 in dues collected and the pool is dry, the security cameras are dangling from their brackets, and they have trash piling up. Not to mention the burned out units! Yet, the records show the money was spent on maintenance. And the financial report says they ended up with a negative $25,000.
Something is “fishy” with the money alright. And the board members and their attorney have “no comment.” But they did vote to throw Preston and Mitchell off the board for questioning where the money went.
At least the developer got something right by naming the streets Wild Pine and Twisted Pine! Because somehow in this wild and twisted mess they ended up with two boards of directors!
As I see it, the best case scenario for these townhome owners is: Assessments for tens of thousands of dollars per owner for the rebuild and tens of thousands more for legal bills. Together, those will exceed the value of their property which at this point is worthless. I’m afraid I would be calling Two Men And A Truck and leaving the keys on the kitchen counter.
However, at the end of the day, I applaud Martha Preston and Christopher Mitchell for exposing yet another rotten stinking HOA. Theirs is a perfect example of why HOAs should be illegal!!!
The trial begins March 2014.