Hallelujah! It took years, but members of the Sunchase Condominiums in North Austin have decided to quit being stupid. Sunchase homeowners have been paying dues for years, but their HOA board and the property manager, Nancy Thompson, refused to show them the books! Last time I looked, Texas law mandated that HOA members be allowed to see where their dues are going.
Homeowners have poured more than a million dollars down a black hole that hasn’t been audited in more than five years. Readers of this blog know that I’ve got a very low tolerance for the stench rising from tens of thousands of HOAs in almost identical situations. And Sunchase stinks to high heaven!
At long last a Texas HOA is getting some much-deserved attention. Sadly, it took a homeowners lawsuit to get the ball rolling. Folks in the Sunchase HOA in Northeast Austin are wondering where a million bucks went. It just kind of wandered off someplace. It’s illegal for a Texas HOA not to have regular audits of their books. Of course, it’s also illegal to filch a million bucks, IF that’s what happened. And Sunchase hasn’t had an audit for at least five years.
