The Summit Run, West Palm Beach. It used to a heavenly place to live. But all of a sudden we had a little economic burp that sent a number of homeowners flying elsewhere. Adam Sinclair’s job is to fix up what’s wrong at Summit Creek, keep the water running and the trash picked up among its 254 residents.
He’s also supposed to collect HOA fees among the residents, and what a thankless job that is. The residents see the trash and the unkempt grounds and the leaky faucets and they say, “Why should I pay dues? My neighbors aren’t!” And they’d be right. A quarter of Summit Run residents are late on their dues. And when they don’t pay, management has to go hire lawyers to kick in the heads of the recalcitrant owners.
Shawn Marie Bianco, of 109 Georgetowne Court was arrested by the Sheriff for embezzling from three organizations in Virginia. Two were Parent-Teacher Organizations. One was the Georgetown Court Homeowners Association.
She said she needed the money for several things, including braces for the kids’ teeth.
Oh yes.
She asked her friends not to mention her name anywhere.
George Staropoli, better known as “Starman,” one of the heroes of the American anti-HOA movement, has posted an amazing debate in the Arizona Legislature about abuses in the typical HOA. The relevant portion begins at 39 minutes into the hearing. It’s a perfect examination of some of the unconstitutional horrors that occur in today’s HOA. Please watch. It’ll help you understand some of the idiocy that dominates some of the nation’s HOA madness.
My apologies for dropping this link earlier. Here it is:
The big news this week is that the U.S. Department of Justice, Eric Holder & Co., has reached a mass settlement in the housing bubble scandal.
It’s a settlement of more than $25 billion dollars. That’s to pay for all the phony loans, the robo-signing deals by phony bank officials who never ever looked at your real estate closing documents. Attorneys General across the country are hailing it as a landmark settlement, a massive achievement, to help cash-strapped and bankrupted homeowners. They’re holding news conferences and talking about how hard they fight for the average consumer.
We haven’t heard much lately about the Las Vegas Homeowner Association scandal and the federal investigation which has already obtained ten guilty pleas against public figures for corruption. But, we may as well do this blog to keep Las Vegas criminality in the headlines.
The Mountain’s Edge Homeowner Association is being sued by investors who tried to snatch up foreclosed homes in the Vegas area. In the mortgage collapse, investors have taken a huge risk in trying to buy up homes which were abandoned by bankrupted homeowners. Those investors are just about the only financial thread keeping entire neighborhoods from going under.
