So You Think You’ve Heard Everything?

I’d love to call this one a scam, but there isn’t enough information to make that kind of allegation. It’s just too bizarre. The City of McAllen, Texas, charges each resident an extra ten bucks on their water bill, supposedly collected on behalf of Homeowners Associations. Theoretically, that money is supposed to go to HOAs for maintenance. But nobody seems to be getting the maintenance or the money, and the City of McAllen has no idea where the money is going. There’s never been an audit. Money is even being collected from homeowners who live in neighborhoods where the HOA has been dissolved. We may be talking about millions of dollars, here.

Huh?

(link to story on disappearing money)

 

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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.

2 thoughts on “So You Think You’ve Heard Everything?

  1. hoasavers

    I’m one owner and there are others, that ended up selling due to mismanagement of their HOA…In the future I do not want to pay to fix the old neglected HOA that I tried to help change their ways. The cost to repair run down condos should be paid by the owners, not the public. For some reason this story makes me fear that is another thing coming…and hasn’t it happened somewhere in the country already? I really liked the story because it’s all about the money, and all about not holding people accountable, and not knowing where the money went. Typical.

    Reply
  2. Nila Ridings

    It’s always about the money. And with no consequences to board members and property managers that are stealing the money there will never be any changes in the way they do business.

    I’ll always believe that HOAs are a THIEVES PARADISE. There simply is no other way to have access to massive amounts of money and it be legal. And with little to no oversight dishonest people are drawn to HOAs like fleas to a dirty dog.

    Reply

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