Ah yes, believe all you want that your Homeowners Association protects the value of your property. But you’re spitting into the wind. All these years you’ve believe a falsehood spread by an industry that will NEVER be in the business of protecting your home value. This industry believes in the Almighty Dollar, no matter how it’s obtained.
The Pine Ridge HOA in Bushkill, Pennsylvania is a perfect example. A wave of non-dues-paying owners combined with a huge number of foreclosures has pulled this neighborhood right to the brink of bankruptcy. They’re struggling to find an answer. The answer is…there is no answer. You thought you were buying a retirement home? You ended up with a piece of Florida swamp land. Valueless. You believed the lie. You discovered what those of us in the Homeowners Rights movement have been warning you about.
Homeowners Associations don’t like veterans. They also don’t like veteran’s widows. Widows, you see, threaten the marriages of all other couples in the neighborhood. So ladies who get themselves elected to HOA boards try just about anything to boot widows and single women from their homes.
Hyperbole? Don’t bet on it. We’ve seen situations like this happen all over the country.
This one widow in Texas may have won a temporary reprieve, but that’s because she went to the news media. Without that, she’d most likely be on the street thanks to her oh-so-charitable HOA.
This is a preview of
Another Veteran’s Widow Faced With Foreclosure
. Read the full post (111 words, estimated 27 secs reading time)
Credit reporting agencies see an incredibly lucrative opportunity in Homeowners Associations. And corrupt HOA boards see a marvelous way to further harass homeowners who dare to fight back against the Lawn Nazis. Hold back your dues because your HOA is doing something blatantly illegal, and it’ll lower your credit score.
Hire a lawyer to fight back against an unjust fine or lien, and yup, you might not be able to get that car financed or that mortgage modification approved.
Well, Bunky, that’s the biggest lie you’ll ever hear.
Several years ago, I warned all of you about the pending crash of the Las Vegas housing market. It happened exactly as I predicted. At the heart of the problem is the government’s reliance on Homeowners Associations to perform traditional government functions and services. All HOA contracts are corrupt at their core. They were a flawed model from the start, and what’s going on in Las Vegas foreshadows what’s coming for the rest of the nation.
Whoa! This doesn’t happen very often. But apparently there’s so much fraud and embezzlement from Miami condo owners that police are making a tentative attempt at cracking down. The link below shows an arrest by a special police squad formed to combat condo embezzlement.