It’s amazing how many homeowners don’t have a clue about the extent of organized corruption in the whole Homeowners Association industry.
Las Vegas? The feds convict 43 HOA ‘insiders’ for stealing 60 million dollars.
South Carolina? Well, this one is interesting. Up to five dozen Homeowners Associations have joined in a lawsuit against one of the state’s largest HOA management companies. Once again, endemic corruption. These homeowners have absolutely no idea how much has been stolen from them. The owner of the company admits she was stealing. Tears. Sobs. Regret that she got caught.
Folks, this same kind of corruption is an infection on a massive scale. It exists only because of crooked deals made between land developers and public officials.
“Ah, but my HOA is one of the honest ones!”
Really?
(link to ABC News affiliate in South Carolina)
In my experience and opinion, they need to sort out all the “relationships” and connections to this property management firm! This includes any and all the board members from the associations involved, attorneys and industry affiliated vendors and other ” credentialed professionals,” relatives and any other who may be part of the bigger picture! We all know the web of “connections” in the Las Vegas HOA scandal, investigations and prosecutions. Some, still have not been made public. I have been told. It may destroy their families, and/or careers, I believe some have said. Ask Jeff German, or Mike Hengel from the Las Vegas Review Journal, or any of the Nevada HOA advocates, experts and victims! The Las Vegas Review Journal sued for all the information from the USDOJ, FBI and state investigations that would not be released! I believe we may never know if any innocent HOA homeowners homes were stolen in this alleged criminality. This is typically done to cover up the criminality, or fraudulent and SLAPP lawsuits against innocent HOA homeowners to generate income being stolen elsewhere. I also want to see the attorney charges to each of the HOAs by the property management firm!
Do not hold your breath for it, Cynthia.
So Ward, how do we form a serious PAC to change SB5263 and create a movement that combats CAI – a movement that is made up of home owners?
Washington State Legislature has put Senate Bill 5263 on the back burner for 2016 several of us have attempted to change the direction from finance issues to homeowner Board regulation.
Brian
Whatever we do has to be national. CAI and Associa have nothing to do with homeowners. They’re 100% made up of lawyers and industry suppliers. It’s only if we can establish that fact that we can limit the damage caused by this self-supplying group.
I agree – it almost needs a grass-roots group and given the large number of homeowners living in condos and HOA’s – who represent a very large tax base – the potential clout is considerable.
We need some kind of organization and focus if we are to change State laws to reflect the needs of the homeowners. Our HOA has a large number of empty walkaways that are degrading due to damp, bad roofs, etc. and their current owners (the banks who foreclosed or who picked up the ownership) don’t seem to be aware that policies are degrading their acquired assets…
Brian