A note from Deborah Goonan and others:
With all the corruption, mismanagement and misdealing by the uncontrolled boards of many condo associations, how can the FHA even dream of easing up borrowing standards to get more condo owners into these federal loans?
In light of all the recent problems with theft, corruption, deferred maintenance, condo conversions to apartments, and landmark defect awards, this is lunacy and a federal government out-of-control.
Before putting billions more taxpayer dollars at risk, it’s time for the feds to start investigating and solving some of the fundamentals.
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m.heraldcourier.com
WASHINGTON — Could the Federal Housing Administration (FHA) finally be opening its doors again to financing more condominium units? If so, that could be excellent news for young, first-time buyers and for seniors who own condo units and need a reverse mortgage to supplement their post-retirement incomes.
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guest blog by Nila Ridings
One would think a guy that worked in the evidence and property room of the NYPD as a control specialist would have a high level of integrity. Nope. Wrong. Danny Juliano was the president of Woodbrooke Estates HOA in Staten Island and convinced the board members he was getting a cheaper price on pool supplies over in New Jersey so they handed him the cash to make those purchases.
I don’t know about the readers of this blog, but I’d be questioning the need for $366,380 worth of pool supplies since October of 2011. I’d also be asking for receipts. 629 condo and townhouse owners just took a financial beating because their HOA board members were sleeping on the job!
Now, let’s sit back and watch to see what the NYPD will do to one of their own. Will he get community service? Will he be fired from his job? Will he go to jail? Will the homeowners ever see a dime of their stolen money again?
He was ordered to turn over his passport so possibly he will not set sail in his new yacht!
(link to story on Staten Island embezzlement)
Here’s yet another story of a rotten Homeowners Association, this one is the Tower Oaks HOA in Gainesville, Florida. If you’re in the market for a home, that’s another good one to steer away from. It’s not hard to figure out why property values ARE NOT protected by an HOA. More and more people are getting wise to the scam.
(link to WCJB story about HOA retaliation)
This kind of thing has happened before. HOAs are no big fans of war heroes. It’s hard to imagine. But many HOAs across the country don’t like the American flag being flown. They don’t like displays of patriotism. Actually, it does make sense in a perverse sort of way. HOAs are basically fascist organizations, many of them run by control freaks.
But click on the picture below to see and hear the story of Frank Larison who’s being fined $50 a day because he has Marine decals on his car. Just remember the Woodlands II On The Creek Homeowners Association in Dallas. HOA board president Dorenda Hardy signed the letter. She should be ashamed. And any prospective home buyer in Texas should avoid this neighborhood like the plague.
http://americannews.com/retired-marine-forced-to-remove-is-usmc-decals-while-neighbors-keep-obama-stickers/
