Organized crime is endemic in the HOA industry, absolutely woven throughout the faulty fabric of the whole structure of Homeowners Associations. Racism, bribery, blackmail, criminal harassment, theft, extortion, embezzlement, phony liens and foreclosures.
If you go back through five years worth of blog posts on NeighborsAtWar.com you’ll see hundreds, even thousands of posts and links to stories of criminal activity in Homeowners Associations in virtually every state in America. Board members, treasurers, management companies, HOA lawyers, even the federal racketeering convictions of 43 HOA officials in Nevada. It’s a vast criminal empire that only recently is beginning to attract attention from the nation’s news media. So this next paragraph and the associated link shouldn’t surprise you much.
Sperlonga LLC, a data collection firm, has now made a deal with Equifax to begin adding HOA dues and payment history to the credit records of homeowners. Your late HOA payments, whether real or phony, will now have the same weight on your credit report as bank loans and auto payments. Welcome to the future, Bunky!