guest blog by Deborah Goonan
To legislators at the state and federal level, and housing policy makers, CAI (Community Associations Institute) presents itself as the sole authority on HOA issues, and an advocate for homeowners. In reality, CAI is a trade group that represents the interests of businesses that serve – or exploit – homeowners and residents in mandatory associations.
CAI’s recently published white paper on Association Governance reveals its true agenda – to perpetuate blind acceptance of the Association Governance as the only viable housing institution, and to simultaneously create an ever-growing need for “expert” services of managers, attorneys, and various HOA service providers.
It’s nice work if you can get it.
39-year-old William Francis managed money for more than four dozen HOA clients. He also managed to steal enough to finance the kind of life many men like him would love to have. Limousines, hookers, porn, NBA tickets. He faces a maximum of 20 years in federal prison. Ah, but these judges rarely sentence a white collar criminal to more than 18 months behind bars. This man apparently spent a lot of his life behind bars, the kind where you find loose women and alcohol.
This is a preview of
Embezzling A Cool 2.5 Million From Your HOA!
. Read the full post (149 words, estimated 36 secs reading time)
Growing up as an Army Brat in the 1950s had its benefits. My dad was a West Point graduate in 1939, a time of true national honor, honesty and dignity. Many years later I remember my father weeping at news of the first West Point cheating scandal. I was too young to understand but my dad’s tears just broke my heart.
But these days, nobody raises their eyebrows at cheating and official corruption. It’s just the mud pit of what our country has descended into. Occasionally, reporters here and there expose the official corruption. Here’s the rare one:
guest blog by Nila Ridings
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.
Yikes! How can I say that having two brothers who are lawyers? And how can I say that after passing the LSAT and being offered a free ride through the University of Washington Law School?
I can say that as a forty-year journalist watching lawyers in court. Never trust a lawyer.
In the link below, a CAI lawyer has tried to simplify the ‘education’ process for prospective buyers. It’s a good step forward. But I like Nila Ridings idea of making all HOA home buyers sign an acknowledgement that each buyer isn’t really buying a home. He or she is buying shares of stock in a non-profit corporation where every single asset, every bank account, every stock account, every college education account is pledged as security to pay for each and every misdeed, miscalculation, embezzlement and lawsuit involving the HOA.