Another Consumer Blogger Gets It!
Ah, it’s so good when you see member of the real estate industry who finally discovers that all is not good in HOA Amerika! I hope he continues his research. He’s going to be stunned!
Category Archives: Realtor
HOA Justice Is Rare, But Sometimes Happens
Do HOAs ever find true justice when they’re ripped off by property managers? Well, not often. But once in a blue moon a crooked HOA manager is held to account. Well, kind of.
A couple of property managers in Massachusetts and New Hampshire were caught with their hands in several HOA cookie jars under their control. Over a two year period they stole more than a hundred thousand bucks.
“No contest! No contest at all!” Judges love to hear those words. It means they can dispose of a case quickly, make the bad guys promise to pay back a few bucks, and not have to bother about putting the bad guys behind bars.
Probation instead of jail?
The case linked below is a lot more complicated than that. But the bottom line is that innocent homeowners got screwed. The lawyers all made money. And the embezzlement suspects are walking away with smirks on their faces.
(link to Eagle Tribune story on weird restitution case in HOA embezzlement scheme)
This Embezzler Filled With Remorse
Gosh, how many times do we have to hear that line from these embezzlers? “Filled with remorse.” It’s such a load of horse puckey. If you’re going to make a bald-faced theft of 350,000 bucks from your neighbors, the only remorse you’re going to feel is that you didn’t steal enough.
Jill Rouse Boothby of Boothby Realty was a property manager for nearly a dozen Birmingham, Alabama condo associations. Plea agreements like hers are only made if she can plead guilty to a small fraction of the crimes she’s accused of. Halloween is over so we can’t really call her a witch. She’s worse. And with all the people she’s hurt, with all the elderly people who’ve been swindled out of their life savings, she deserves worse punishment than she’ll ever be given.
Embezzlers are monsters. A fine? A few weeks in jail? Restitution? That’ll never be paid. In days-of-old the phrase, “drawn and quartered,” might be used. For those who don’t know, that punishment involves four horses and four ropes. Even that is too good for an embezzler.
(link to news story in Birmingham about guilty plea by an HOA embezzler)
This HOA Embezzlement Plea Bargain Stinks!
Embezzling from Homeowners Associations in America is an epidemic. But when a federal prosecutor accepts a tiny plea bargain agreement from a chronic embezzler it stinks to high heavens.
Birmingham, Alabama… Realty company owner Jill Rouse Boothby admits to stealing more than 375,000 dollars from eleven condo associations she managed. She pleaded guilty to one count of wire fraud and faithfully promises she’ll pay back the hundreds of thousands of bucks she stole. Apparently, there’s not going to be any jail time.
I know U.S. Attorneys have a lot of violent criminals to deal with. But stealing from elderly people does an untold amount of damage to their lives. Any theft from old people should be considered a violent crime. But until law enforcement starts handing out some stiff punishments, these crimes will NEVER stop!
(link to story on HOA embezzler in Birmingham)
Trust A Lawyer?!?!?!
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.
Run, people, run!
Run from that HOA purchase as fast as you can!
Tell your Realtor, “Don’t show me anything in an HOA!”
(link to new HOA ‘disclosure’ papers)
