Category Archives: embezzle

Listen, As Never Before!

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guest blog by Robert E. Frank, Colonel, USAF (Ret.)
Founder, HomeOwnersCoalition.org & Veterans Advocate

On American Independence Day 2014, is it time to implement “Equal Justice Under The Laws” For HOA & Condo Owners?” Are legislatures willfully violating our citizen rights? If so, why?

Are the following not true?

– Federal Laws require all states to comply with the US Constitution as the Supreme Law of the Land.

– States are required to support and defend the US Constitution when passing statutes and implementing regulations.

– States, counties and cities are required to support and defend the US Constitution in their statutes, regulations, rules, codes, etc. that bind all citizens.

– Local government rules, regulations, codes, etc. establish the controlling concepts and limitations in CC&Rs for when, how and by whom Homeowner and Condo Associations are established, maintained and how the property owners are governed in addition to standard government restrictions.

– So, why can the state and local government authorities legally allow developers to implement CC&Rs that violate the Constitutional rights and protections of HOA and Condo property owners? Is this not morally deficient, if not exactly illegal?

– Is this not a clear case where the government is violating its own agreements and mandates to “EQUALLY” support and defend the Supreme Law of this Land for all citizens?

– Does claiming that because HOAs and Condos are created as special, quasi-governmental corporations there is no moral or legal obligation to protect all citizens equally under our Supreme Laws stand up to even plain old common sense arguments?

– How can state government authorities, on one hand, rigidly control the creation of property and the associated governance regulations and rules of HOAs and Condos; but, on the other hand, (much like the Pontius Pilate of the Bible) ignore the fact that they are directly aiding and abetting the conscious denial of equal justice under the laws for HOA and Condo owners?

On American Independence Day, please explain why such crass injustice can be tolerated and ignored by so many in this industry?

Why won’t every single one of you Americans reading this topic stand up and demand “equal justice under our laws” for HOA and Condo owners?

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What’s A Developer To Do?

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A massive monkey wrench has been thrown into the field of real estate development with a 55 million dollar verdict against developers of a condo conversion project in South Carolina.

Developers are the people we homeowners all love to hate. They’re the bane of our existence. Their rotten reconstruction work has led to the financial ruin of hundreds of thousands, even millions of American homeowners. So we generally stand and cheer when a jury hands down a huge verdict against a developer.

Well, let’s stand back and give this one a little reflection.

There are about 200 residents of the East Bridge Town Lofts in Charleston, South Carolina. They all bought into the idea of buying an apartment that was converted to a condominium. Sloppy work. Unlicensed building inspector, all the usual jazz. But including all the legal costs, each of these property owners will theoretically get about 300 to 400 thousand dollars. So far, so good.

But…

…when the bankruptcy filings start filling the courts like an overflowing sugar bowl, where will those homeowners all be? When the delays and appeals to higher courts start piling up even higher costs, where will those homeowners be?

The American legal system was originally meant to provide justice for the injured. Sadly, that’s not the way things turned out. Oh, the lawyers on both sides will claim victory, of course. But the homeowners? The ones who’ve had to declare personal bankruptcy? The ones who’ve died or divorced or moved on to try to repair their lives elsewhere, what happens to them? Will they look back with great fondness on how the legal system treated them?

(South Carolina verdict)

 

What’ll The Tipping Point Be?

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Yes, once again here’s the old bloviator talking about an impending crash in the housing market.

Economists have been predicting a mortgage and financial collapse many times greater than the nightmare of 2008-2009. The indicators are there. The national budget is raging out of control. Interest rates are far too low to sustain the banking industry. Investors are losing their shirts betting on the U.S. economy. China now owns a huge percentage of America’s debt. Mortgage companies at some point will have to massively raise the requirements on all new mortgages. If this happens the value of homes, starting with all those in Homeowners Associations, will crash.

In a recent blog I mentioned that this whole cascade of events will start with a minor story, a pebble being dislodged from an already unsteady dam.

The story linked below is more than a loose pebble. And it should be read and absorbed by absolutely every person with even a minor link to the Homeowners Association industry.

(Las Vegas running out of water)

 

1001 Reasons Not To Buy

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My Dear Friends, I’ve told you over and over that the absolute worst home investment you can make is in a Homeowners Association. Your Realtor buddy looks you warmly in the eye, puts his hand on your shoulder and says, “You know, of course, that HOAs were created to protect your investment?”

If you’ve read my book or follow this blog then you know what the truth is. HOAs were created to keep out Negroes, Orientals and Jews. The documentation goes back fifty years! In later years, HOA rules were used to keep out Hispanics, single moms, children with Down’s Syndrome and a fistful of other ‘unwashed and unwanted.’

The link below shows you another reason you’re legally and financially naked. Once again a rich investor is intentionally forcing a housing project into bankruptcy so he can scoop up the dregs and make a fortune all over again. This kind of scam is going on all over the country, wherever people were unwise enough to buy private government housing.

(link to case in Osceola County)

(link to another case in Clearwater)

If you think it can’t happen to you, you’re fooling yourself. In 2006 the U.S. Supreme Court made the seizure of private homes for private development completely legal. The landmark Kelo Case turned the U.S. Constitution on its head.

Добро пожаловать в России товарищ Komrade!

 

 

 

Real Tragedy Developing in the Las Vegas HOA Scandal

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In four decades of investigative reporting, what always burned my butt was the sweet sentences given to white collar criminals by Federal Judges. A little personal confession here, one I probably shouldn’t make, but once I became good friends with a major white collar criminal who should have been sentenced to ten years, not ten months! I like this guy. I like him a lot. I consider him a great friend. But he’s an admitted crook who’s made that same confession on national TV. And he knows he skated with only a fraction of the prison sentence he really deserved. He took great delight in talking about how easy his sentence was. He considered it a vacation, a temporary escape from a difficult domestic situation and had the benefit of an admiring Federal prison warden who occasionally took him to town on weekends to meet women! In fact, he says he got more straight sex as a federal prison inmate than he did as an outsider.

Cut to the current Federal Organized Crime Syndicate in Las Vegas which has raped and pillaged Homeowners Associations up and down the valley. 39 suspects, four of them dead in highly suspicious ‘suicides’.  And the federal judge in the case is beginning to hand out what the crooks all call “pussy” jail sentences for their involvement in this hundred million dollar scam. The first prison sentences look like they’ll be about a year in federal prison. Easy duty. Over before you know it. And if you’re a good crook and keep your mouth shut about your confederates there’ll be a few handfuls of big bills to get your new life started on the other side.

This Organized Crime syndicate stole a hundred million dollars from Las Vegas homeowners. As a homeowner, all you have to do is look at the current value of your home to know how much money they stole. But even today, the powers that be who won’t be named are two of the most prominent political names, men who made millions and millions of dollars for ‘ignoring’ or even participating in this vicious scam.

Folks, just believe this crusty, hardened, wizened 40-year investigative reporter: some very big people are being overlooked in the Las Vegas RICO investigation. The Feebies (FBI) are intentionally hiding their eyes. There are at least two names who, if indicted, would be huge.

One or two of these names could actually change the political balance of an entire country!

(link to latest from las vegas review journal)