New Mexico HOAs Struggle After Embezzlement Investigation

Embezzling from HOA budgets is the gift that keeps on giving. More than two months ago a New Mexico realty business which managed a number of Rio Rancho HOAs was raided. All the computers were seized. Homeowners don’t even know how much was stolen because the management company’s records are still under lock and key.

Investigators say hundreds of thousands of dollars were embezzled. All Rio Rancho homeowners know is that their monthly dues are going up. They have no way of knowing how high. Strange, that while the consequences are so severe most HOA thefts by board officers and management companies are only discovered by accident.

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Your email address will not be published.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.