More and more media outlets are beginning to take notice of the national HOA Scam/Outrage. The link below is from Kiplinger and it’s worth reading.
Also (hint, hint!). There are rumors that a major newspaper in the Midwest has a killer of an HOA expose’ about to be published! This one is said to be the best of all!
(link to Kipling article on HOAs)
It seems Dave Clouse had some things he needed to get off his chest about his condo so he wrote the editor of the Bradenton Herald.
Dave’s condo complex, Bridgewater Townhomes in Point Pleasant has a termite issue. Well, really it sounds more like a serious problem. And the termite problem is more serious because the HOA board refuses to allow proper treatment to wipe out the termites.
Egads! I can’t count the times when I’ve heard about an HOA board member or HOA manager stealing money to feed his or her gambling addiction. It’s stupid. What’s even more stupid is that 66 million homeowners across the country risk all their life savings by buying into Homeowners Associations in which embezzling is endemic. If you live in an HOA, there’s a massive chance someone you’ve entrusted with your money is chiseling.
Get out! Get out! Get out! Let the national HOA Scam collapse on itself.
(link to yet another criminal stealing your money)
Here’s a an auditor from Pima County, Arizona who apparently opted to steal from the HOA rather than the taxpayers. Joshua Bonillas was the HOA bookkeeper for Presidio Villas 2. His day job as county auditor paid him $60,000 per year. He admits to stealing $45,000 from his neighbors via the HOA bank account by forging the treasurer’s signature on the checks.
