I seem to be getting more and more calls from reporters around the nation asking about HOA problems. Most of them are skeptical when I talk about how massive the national HOA scam is. So it really helps them to read newspaper columns like the one I’ve linked below.
It’s written by a seemingly level-headed HOA board member who’s discovering just how underwater he is in trying to deal with the difficulty of straightening out a crooked HOA.
It’s well worth reading the link…and possibly forwarding it to others.
(link to problems in one North Carolina HOA)
I totally disagree with this writer on the subject of allowing an HOA to report to credit reporting agencies. First off, we all know HOA boards are often heavily-loaded with a bunch of ignorant bullies. Property managers have no required credentials. And who would ever trust any of that bunch with their social security number which is needed to report to the credit bureaus? Can you imagine with the corruption and embezzlements that take place in HOAs across America how disastrous it would be if these despots also had access to hundreds or thousands of social security numbers. Now, imagine trying to get the errors in reporting off of your credit report when the HOA loses your check, loses the lawsuit, or the DA indicts the crook on the board who sold all the social security numbers on the internet. On that subject, where would all those records of personal information be held? In the basement of some board member or at the clubhouse with numerous people having keys?
In this day and age, any one that applies for a job will have their credit checked. An HOA with an incorrect reporting could keep someone from being hired into a career they have spent years acquiring the needed education for. For example, I’ve talked with someone that focuses on the aviation industry doing background checks for pilots. How insane would it be for a man or woman to spend $100K on their flight schools and if their condo association lost a check, misapplied a check to the wrong account, or just plain decided to use their typical bullying tactics to claim that person did not pay-.not to mention their notorious poor accounting records-and it was reported to the credit bureau which would keep that person from being hired by an airline or an air cargo company? Really? This action would be way more far reaching and destructive than anybody can imagine today.
I’m sorry, Ward but I disagree that this article should be shared. It does have some good points but the one about the credit reporting is a VERY BAD IDEA! VERY BAD!