The HOA world is buzzing about a multimillion dollar lawsuit filed against the Henderson, Nevada Police Department. It’s a lawsuit that could throw a massive punch in the face of the American HOA movement, especially those which use coersive tactics to intimidate HOA critics.
This really is a wild case. Two elderly residents of Sun City Anthem HOA in Nevada, tried to warn other homeowners that the board was illegally stashing millions of dollars of excess dues instead of returning them to residents. Any organization that doesn’t report such excess collections can face heavy IRS fines.
I’ve said it before and will say it again. One of the upcoming heroes of the fight against rogue HOAs is Rodney Gray, from Texas. He’s now got a rough cut of his upcoming documentary, “The HOAx.” It’s wonderfully filmed and edited, and Rodney is an expert movie maker. He’s got an update on the documentary, and I’ve linked his site below.
The article linked below is stunning! Although this embezzler is not connected with an HOA, just consider this: if an undetected embezzler can steal $50 million from a small town, how much could an HOA management company steal from the 20 or 30 HOAs it oversees?
Unbelievable and stunning! Fifty million dollars! Watch your HOA like a hawk!
There’s a pretty good column in the Atlanta Business Chronicle about how the financial meltdown has impacted condo owners. Foreclosures and walkaways hammered the budgets of HOAs, not just in Atlanta, but all over the country. This columnist claims the market has turned around.
But wait! Wait! Financial news on the international and national scale is not good. In fact it’s somewhat bleak. The next decade could be a financial home wrecker. Pray for the best, plan for the worst.
For some odd reason, Homeowners Associations hate solar panels. The hate the idea of solar energy. They hate people who don’t hate solar energy and they’re willing to sue into oblivion any homeowner who dares put solar panels on his house.
In Louisiana Governor Bobby Jindal signed an act permitting solar panels anywhere in the state. But the Azalea Gardens Homeowners Association in Shreveport apparently feels the law doesn’t affect them. They may be right, since they’re considered a private non-profit corporation. HOAs traditionally think that they’re above the law.
