“Somebody Is Fattening The Frog For The Snake” ~Martha Preston

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.

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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.

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