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!”