guest blog by Dave Russell
I hoped In time, just like in the Christmas Carol, written by Charles Dickens, each board member and the pond-scum attorneys who represented Andover Forest Homeowners Association would receive a visit from one of Dickens’ghosts.
I’ve seen seemingly normal neighbors turn into backstabbers, liars and some of the most unreasonable people you’ve ever met. I have seen neighbors hook up, break up, and then turn into complete psychopaths.
In 2011 a friend of mine sent me a news report about 3-year-old Cooper Veloudis who has cerebral palsy. Cooper’s therapist suggested that a playhouse be built in the backyard of the family’s home. The playhouse cost about $5000.
However, the Andover Forest Homeowners Association in Lexington, Kentucky, said little Cooper’s house had to go because the HOA says it’s a structure and is prohibited. Cooper’s parents were fined $50 a day until they complied. What the HOA didn’t say is that there are other such structures in the same development. But nobody seemed to really care about those.
Lies, Loans and Liabilities
So, your HOA has overspent, misappropriated funds or has simply “run out of money.” Now what? Well the answer here is simple, “let’s take out a loan!” That’s right, if your overinflated mandatory dues weren’t enough, your HOA is going to put you, the homeowner, on the hook for tens of thousands, if not millions of dollars for a loan.