Former Bank of America workers allege it lied to home owners | Reuters
The headline doesn't tell half the story. The more you read, the worse it gets:
"(Reuters) - Six former Bank of America Corp (BAC.N) employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. The bank allegedly used these tactics to shepherd homeowners into foreclosure, as well as in-house loan modifications. Both yielded the bank more profits than the government-sponsored Home Affordable Modification Program, according to documents recently filed as part of a lawsuit in Massachusetts federal court. The former employees, who worked at Bank of America centers throughout the United States, said the bank rewarded customer service representatives who foreclosed on homes with cash bonuses and gift cards to retail stores such as Target Corp (TGT.N) and Bed Bath & Beyond Inc (BBBY.O). For example, an employee who placed 10 or more accounts into foreclosure a month could get a $500 bonus. At the same time, the bank punished those who did not make the numbers or objected to its tactics with discipline, including firing."
Tuesday, June 18, 2013
Florida Homeowner's Association Sues Resident For Critical Blog Comments, Seeks Identity Of Other Commenters | Techdirt
Florida Homeowner's Association Sues Resident For Critical Blog Comments, Seeks Identity Of Other Commenters | Techdirt
Thanks to Shu Bartholomew for the link to this blog post:
"A few months back, we wrote about an HOA president in Indiana going ballistic with bogus legal threats towards pretty much anyone who criticized him. And now, here's a story out of Naples, Florida, where an HOA for "Fiddler's Creek" is using homeowners' fees to sue one of their own homeowners, a resident named James Schutt, because he made some comments the HOA board members don't like on a blog about the community."
Thanks to Shu Bartholomew for the link to this blog post:
"A few months back, we wrote about an HOA president in Indiana going ballistic with bogus legal threats towards pretty much anyone who criticized him. And now, here's a story out of Naples, Florida, where an HOA for "Fiddler's Creek" is using homeowners' fees to sue one of their own homeowners, a resident named James Schutt, because he made some comments the HOA board members don't like on a blog about the community."
Sunday, June 09, 2013
Connecticut Condo Owners Coalition | Wix.com
Connecticut Condo Owners Coalition | Wix.com
This group has been trying to get an ombudsman's office established in Connecticut, so far without success.
And here is what appears to be a press release explaining their plans for the near future.
This group has been trying to get an ombudsman's office established in Connecticut, so far without success.
And here is what appears to be a press release explaining their plans for the near future.
Friday, June 07, 2013
Residents sue to maintain road - City & Region - The Buffalo News
Residents sue to maintain road - City & Region - The Buffalo News: SILVER CREEK – Residents on a stretch of Stewart Avenue in Hanford Bay are going to court to force the Town of Hanover to maintain that section of the road.
Robert Whalen, one of the residents, said the town has maintained the roadway for more than 50 years, and he and 10 other residents are asking that the town continue the practice. Whalen said the group of residents filed a suit against the town, a case that will be heard July1 in State Supreme Court.
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Another dispute over who pays for costly road infrastructure maintenance: the local government via property taxes or the HOA via HOA assessments. Either way, the property owners are going to pay since they fund both sources.
Robert Whalen, one of the residents, said the town has maintained the roadway for more than 50 years, and he and 10 other residents are asking that the town continue the practice. Whalen said the group of residents filed a suit against the town, a case that will be heard July1 in State Supreme Court.
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Another dispute over who pays for costly road infrastructure maintenance: the local government via property taxes or the HOA via HOA assessments. Either way, the property owners are going to pay since they fund both sources.
8 on Your Side: Residents Upset About Faulty Gate - 8 News NOW
8 on Your Side: Residents Upset About Faulty Gate - 8 News NOW: "You keep hitting the button, and you think, ‘Did I forget my code?'" she said. "You finally just sit there and say, ‘Well, let's try this again,' and after several attempts, it finally worked."
Despite numerous complaints by her and other residents to their homeowners association, the gate was never fixed.
"He told me they needed a new box, and no one wants to fork out the money for the box," she said.
Frustrated, Kudo contacted 8 on Your Side.
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Your HOA assessment dollars (not) at work. When the citizens of Privatopia don't get help from their HOA, they turn to TV news call for action lines.
Despite numerous complaints by her and other residents to their homeowners association, the gate was never fixed.
"He told me they needed a new box, and no one wants to fork out the money for the box," she said.
Frustrated, Kudo contacted 8 on Your Side.
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Your HOA assessment dollars (not) at work. When the citizens of Privatopia don't get help from their HOA, they turn to TV news call for action lines.
Thursday, June 06, 2013
Mesa HOA out of control? Homeowners accuse board of misspending funds
Mesa HOA out of control? Homeowners accuse board of misspending funds
And when they starting asking questions about this, they discovered some interesting expenditures:
“I mean, they bought laundry detergent and almonds and vodka and baby wipes and, just about every time, they bought air fresheners!” Daurio said.
All of these purchases were reimbursed – with HOA money – to board President Michael Cassady. And Daurio said she could find none of these items were used by the HOA for the benefit of the condominiums.
“We found out that the president turned in receipts for items that he purchased in New Jersey!” Daurio said.
That’s not to mention the restaurant receipts.
Daurio and her fellow homeowners listed out the restaurant expenses. “Old Chicago’s for $79, P.F. Chang’s for $100, On the Border, $85, O’Sullivan’s, $73, Old Chicago’s $116,” she read from the list.
Records obtained by the homeowners show Cassady was reimbursed for these and other meals with HOA funds and listed many meals as “HOA meetings” on invoices.
“One of the biggest things was we saw $640 to the Salt Cellar for the annual meeting, and there’s three board members,” Daurio said.
One receipt Daurio found even included $121 for alcohol.
And when they starting asking questions about this, they discovered some interesting expenditures:
“I mean, they bought laundry detergent and almonds and vodka and baby wipes and, just about every time, they bought air fresheners!” Daurio said.
All of these purchases were reimbursed – with HOA money – to board President Michael Cassady. And Daurio said she could find none of these items were used by the HOA for the benefit of the condominiums.
“We found out that the president turned in receipts for items that he purchased in New Jersey!” Daurio said.
That’s not to mention the restaurant receipts.
Daurio and her fellow homeowners listed out the restaurant expenses. “Old Chicago’s for $79, P.F. Chang’s for $100, On the Border, $85, O’Sullivan’s, $73, Old Chicago’s $116,” she read from the list.
Records obtained by the homeowners show Cassady was reimbursed for these and other meals with HOA funds and listed many meals as “HOA meetings” on invoices.
“One of the biggest things was we saw $640 to the Salt Cellar for the annual meeting, and there’s three board members,” Daurio said.
One receipt Daurio found even included $121 for alcohol.
No CID mandate provision passes
Behold Arizona HB2518:
"The legislation prohibits cities and counties from requiring home builders to establish “planned communities'' as a condition of getting the requisite permits and zoning for a new development. Instead, that would be an option decided solely by the developer."
"The legislation prohibits cities and counties from requiring home builders to establish “planned communities'' as a condition of getting the requisite permits and zoning for a new development. Instead, that would be an option decided solely by the developer."
Nancy Marquez: Condo president gambles away community's money, police say - South Florida Sun-Sentinel.com
Nancy Marquez: Condo president gambles away community's money, police say - South Florida Sun-Sentinel.com
"Luck finally ran out for a Pembroke Pines condo association president accused of gambling away the community's maintenance money at a casino. Nancy Marquez, 58, was arrested on charges she stole $148,012 from the French Villas condominium association, Pembroke Pines police said."
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The isolated instances are piling up around here. Is there any need for more oversight of condo/HOA finances? Not in the eyes of the industry, it seems. Or should we just paraphrase the last line of the movie Chinatown? "Forget it, Jake. It's Florida."
"Luck finally ran out for a Pembroke Pines condo association president accused of gambling away the community's maintenance money at a casino. Nancy Marquez, 58, was arrested on charges she stole $148,012 from the French Villas condominium association, Pembroke Pines police said."
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The isolated instances are piling up around here. Is there any need for more oversight of condo/HOA finances? Not in the eyes of the industry, it seems. Or should we just paraphrase the last line of the movie Chinatown? "Forget it, Jake. It's Florida."
Town mails discarded dog poop back to errant pet owners | The Sideshow - Yahoo! News
Town mails discarded dog poop back to errant pet owners | The Sideshow - Yahoo! News: Well, a small town in Spain, reports the Telegraph, has decided to remedy the situation by mailing the discarded dog excrement back to the offending owners.
The paper reports that the town council of Brunete, located about 20 miles from Madrid, has undertaken a complex effort to crack down on the disrespectful dog owners. Twenty volunteers have been enlisted to approach dog owners who leave their pet’s poop behind, and to strike up a conversation with the goal of finding out the name of the dog.
"With the name of the dog and the breed it was possible to identify the owner from the registered pet database held in the town hall," a spokesman from the council told the Telegraph.
Once the owner’s address was confirmed, the dog poop is scooped up, placed in a box containing the town hall’s insignia and delivered via courier to the owner’s home. And to top it all off, the box is labeled, “Lost Property.”
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Will HOAs create pet registries in order to replicate this amusing solution to a smelly problem?
The paper reports that the town council of Brunete, located about 20 miles from Madrid, has undertaken a complex effort to crack down on the disrespectful dog owners. Twenty volunteers have been enlisted to approach dog owners who leave their pet’s poop behind, and to strike up a conversation with the goal of finding out the name of the dog.
"With the name of the dog and the breed it was possible to identify the owner from the registered pet database held in the town hall," a spokesman from the council told the Telegraph.
Once the owner’s address was confirmed, the dog poop is scooped up, placed in a box containing the town hall’s insignia and delivered via courier to the owner’s home. And to top it all off, the box is labeled, “Lost Property.”
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Will HOAs create pet registries in order to replicate this amusing solution to a smelly problem?
Wednesday, June 05, 2013
Mesa HOA out of control? Homeowners accuse board of misspending funds
Mesa HOA out of control? Homeowners accuse board of misspending funds: MESA, AZ - A routine Homeowner’s Association meeting at Superstition Lakes Condominiums in Mesa turned ugly recently.
One of the homeowners, Kathleen Daurio, said her phone was hit out of her hand and her face was brushed with papers by another homeowner just after the meeting.
“I was frightened,” she said. “They had kept my husband out of the meeting and I had no idea what was going to come next.”
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Trouble in Privatopia -- film at ABC Channel 15 Taking Action.
Some years ago, there was a civil case wherein someone brushed with papers at an HOA meeting alleged it amounted to assault and battery. Seriously. Keep those papers to yourself.
One of the homeowners, Kathleen Daurio, said her phone was hit out of her hand and her face was brushed with papers by another homeowner just after the meeting.
“I was frightened,” she said. “They had kept my husband out of the meeting and I had no idea what was going to come next.”
------------
Trouble in Privatopia -- film at ABC Channel 15 Taking Action.
Some years ago, there was a civil case wherein someone brushed with papers at an HOA meeting alleged it amounted to assault and battery. Seriously. Keep those papers to yourself.
Tuesday, June 04, 2013
HOA Documents: Are They Worth the Money? | Fox Business
HOA Documents: Are They Worth the Money? | Fox Business: Reviewing all those documents takes significant time, energy and effort. You probably should get your lawyer and accountant involved in this review, too. Critical information can be found in the pages, and if you don’t review them, you may miss an issue that will cause you significant financial pain down the road.
In fact, many smart buyers won’t even consider properties in HOA-governed communities.
So before you spend money on the documents, ask yourself: Am I willing to put in the time necessary for due diligence?
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For most homebuyers, probably not. Homebuyers concentrate on (and fall in love with) the home's feel and features and aren't inclined to want to deal with another layer of legalities.
In fact, many smart buyers won’t even consider properties in HOA-governed communities.
So before you spend money on the documents, ask yourself: Am I willing to put in the time necessary for due diligence?
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For most homebuyers, probably not. Homebuyers concentrate on (and fall in love with) the home's feel and features and aren't inclined to want to deal with another layer of legalities.
Monday, June 03, 2013
Report: Bieber’s Neighbors Withhold Dues in Protest | KTLA 5
Report: Bieber’s Neighbors Withhold Dues in Protest | KTLA 5: CALABASAS, Calif. (KTLA) — Pop star Justin Bieber’s Calabasas neighbors were reportedly fed up with his behavior and were banding together to do something about it.
A group of residents in Bieber’s gated community, “The Oaks,” planned to withhold their monthly homeowners association dues until something was done, according to TMZ.
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Then when the protesters' homes are foreclosed by the HOA, Bieber will buy the properties and get more voting power in the HOA.
A group of residents in Bieber’s gated community, “The Oaks,” planned to withhold their monthly homeowners association dues until something was done, according to TMZ.
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Then when the protesters' homes are foreclosed by the HOA, Bieber will buy the properties and get more voting power in the HOA.
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