Property manager gets 35 years for stealing $2 million from Katy-area HOAs | abc13.com
Property manager Taggert Mayfield was sentenced to 35 years in prison Friday for stealing a major amount of money from numerous homeowners associations who hired his company, Arrow Community Management.
---------------------
At what point do large numbers of home buyers realize that when you purchase a unit in a condo building or HOA, you take the risk that something like this will happen?
Saturday, June 09, 2012
Man charged with shooting at officers while being evicted from foreclosed house | KMOV.com St. Louis
Man charged with shooting at officers while being evicted from foreclosed house | KMOV.com St. Louis
ST. ANN, Mo. (KMOV.com) – Authorities have charged a homeowner who allegedly shot at officers while being served an eviction notice at a house in St. Ann on Wednesday.
--------------------------
And now he is charged with multiple felonies. He barricaded himself in the house, they tear-gassed him, and he started shooting.
ST. ANN, Mo. (KMOV.com) – Authorities have charged a homeowner who allegedly shot at officers while being served an eviction notice at a house in St. Ann on Wednesday.
--------------------------
And now he is charged with multiple felonies. He barricaded himself in the house, they tear-gassed him, and he started shooting.
Friday, June 08, 2012
Thursday, June 07, 2012
Sharon and Ozzy Osbourne sued for 'extending their backyard without permission' | Mail Online
Sharon and Ozzy Osbourne sued for 'extending their backyard without permission' | Mail Online: Sharon and Ozzy Osbourne are being sued for 'extending their backyard without permission.'
According to a new lawsuit, the celebrity couple annexed land neighbouring their Los Angeles home which is governed by The Mountain View Estate Owners' Association.
---------------
They better call Gloria Allred...and then a news conference.
According to a new lawsuit, the celebrity couple annexed land neighbouring their Los Angeles home which is governed by The Mountain View Estate Owners' Association.
---------------
They better call Gloria Allred...and then a news conference.
Wednesday, June 06, 2012
California Joint Powers Authority may wield eminent domain to wrest underwater properties from lenders
Hesperia will not join regional homeowners association | hesperia, regional, association - Victorville Daily Press: HESPERIA • The City Council voted against joining other regional governments to help homeowners in over their heads with their mortgages.
Tuesday night, Hesperia’s council voted 3-2 to not join the Homeowners Protection joint powers authority, which already includes the county of San Bernardino and the cities of Fontana and Ontario.
The JPA investigates how to help property owners who owe more on their mortgages than their properties are now worth. Among the tools the group may use is the power of eminent domain — normally reserved for seizing property in the public interest once normal methods of acquisition have failed — to forcibly take mortgages away from lenders and refinance them.
----------------
This is a novel legal tactic being employed in California's Inland Empire region that's seen some of the most pronounced and protracted real estate deflation in the nation.
Tuesday night, Hesperia’s council voted 3-2 to not join the Homeowners Protection joint powers authority, which already includes the county of San Bernardino and the cities of Fontana and Ontario.
The JPA investigates how to help property owners who owe more on their mortgages than their properties are now worth. Among the tools the group may use is the power of eminent domain — normally reserved for seizing property in the public interest once normal methods of acquisition have failed — to forcibly take mortgages away from lenders and refinance them.
----------------
This is a novel legal tactic being employed in California's Inland Empire region that's seen some of the most pronounced and protracted real estate deflation in the nation.
Residents battle it out with San Antonio HOA | kens5.com San Antonio
Residents battle it out with San Antonio HOA | kens5.com San Antonio: HOA board members say the residents knew about the deed of restrictions when they purchased their home, and that ultimately the association is just trying to maintain property values.
Woman Hires Family To Liven Up For-Sale Home, Now She Can't Enter Her Own Property - The Consumerist
Woman Hires Family To Liven Up For-Sale Home, Now She Can't Enter Her Own Property - The Consumerist
The homeowner decided to move out of her Dallas-area home before it sold, but says it was her real estate agent who suggested bringing in the temporary family.
"It actually sounded like a fantastic idea," she told Dallas' CBS 11 News.
But then she found out the new tenants had brought a dog with them... and parked a truck on the yard... and put a 10-foot tall crucifix on the lawn, which violates HOA rules.
------------------
Thanks to Mystery Reader for this delightful story about the new real estate market.
The homeowner decided to move out of her Dallas-area home before it sold, but says it was her real estate agent who suggested bringing in the temporary family.
"It actually sounded like a fantastic idea," she told Dallas' CBS 11 News.
But then she found out the new tenants had brought a dog with them... and parked a truck on the yard... and put a 10-foot tall crucifix on the lawn, which violates HOA rules.
------------------
Thanks to Mystery Reader for this delightful story about the new real estate market.
Monday, June 04, 2012
Points to be aware of in HOA scandal - VEGAS INC
Points to be aware of in HOA scandal - VEGAS INC
During the early and mid 2000s, when the scam was operating, it wasn’t specifically illegal to rig an HOA board election. Attorneys say that’s why most of the guilty pleas so far are for wire and mail fraud.
But in response to the scam, the Legislature has made it a felony to fraudulently alter the results of an HOA election.
----------
How's that for a lack of oversight? Until recently, it wasn't a crime in Nevada to rig an HOA election.
During the early and mid 2000s, when the scam was operating, it wasn’t specifically illegal to rig an HOA board election. Attorneys say that’s why most of the guilty pleas so far are for wire and mail fraud.
But in response to the scam, the Legislature has made it a felony to fraudulently alter the results of an HOA election.
----------
How's that for a lack of oversight? Until recently, it wasn't a crime in Nevada to rig an HOA election.
Sunday, June 03, 2012
Change sweeping over Sacramento region's public worker pension benefits - Our Region - The Sacramento Bee
Change sweeping over Sacramento region's public worker pension benefits - Our Region - The Sacramento Bee: "We've got the whole public sector wrapped in this headlock so they can't breathe," said Bill Camp, executive secretary of the Sacramento Central Labor Council.
Camp said a state with a $2 trillion gross domestic product can afford to give public workers a good pension.
"My point is that's a political decision, not an economic decision, to starve government," he said.
----------------
Ditto privatizing local government with land use policies requiring new residential development come with a homeowners association. Nor is it just about housing and development trends.
Camp said a state with a $2 trillion gross domestic product can afford to give public workers a good pension.
"My point is that's a political decision, not an economic decision, to starve government," he said.
----------------
Ditto privatizing local government with land use policies requiring new residential development come with a homeowners association. Nor is it just about housing and development trends.
HOA scandal involving millions of dollars and thousands of homes cuts wide swath across Las Vegas Valley - VEGAS INC
HOA scandal involving millions of dollars and thousands of homes cuts wide swath across Las Vegas Valley - VEGAS INC
In 2006, condominium owners in Las Vegas’ Vistana community were accused by a lawyer of dreaming up wild, Oliver Stone-like conspiracy theories as they complained about corruption in their community association.
After six years, more than two dozen guilty plea deals and four untimely deaths among witnesses or participants, the Vistana owners say they have been vindicated in their suspicions that their community association board had been hijacked so that lucrative legal work and repairs involving construction defects would be steered to particular individuals.
------------------------
This piece starts with another angle: owners who complain about alleged board or lawyer or manager misdeeds are nearly always unable to get prosecutors or police interested. They are told it is "a civil matter," or treated as if they are nuts. And those few intrepid owners who make the long and expensive trek through the civil justice system soon find that most judges defer to these volunteer boards as if they were repositories of great political wisdom. Thanks to Fred Pilot for the link.
ps: I just love this part: "As far as what’s known to have occurred, perhaps the most unusual part of the story is that the scammers operated brazenly — hiding in plain sight — for five years. Until FBI and Metro Police raids shut down the scam in September 2008, there was no known effort by state regulators or law enforcement to expose the scammers and crack down on them in a consolidated fashion. It could have been done: Between 2003 and 2008, several groups of homeowners at the affected communities knew they were being victimized, and they fought back with lawsuits involving public court hearings and complaints to state regulators and law enforcement officials. “In this case, there were some red flags and people (in authority) just didn’t see them,” Toussaint said."
Good point. Something could and should have been done by the so-called "authorities," these so-called "regulators," the police, and prosecutors much earlier. But nobody would listen to the owners...for five years. However, that is not even remotely "unusual." That is absolutely par for the course. Those in authority almost invariably treat the owner who challenges their board as a nutjob. And the fact is that there are many other situations in HOAs and condo associations all over the country where things are going on that should be investigated by police and local prosecutors, but where instead some lonely unit owner who is waving the red flag is being treated like the neighborhood crank.
In 2006, condominium owners in Las Vegas’ Vistana community were accused by a lawyer of dreaming up wild, Oliver Stone-like conspiracy theories as they complained about corruption in their community association.
After six years, more than two dozen guilty plea deals and four untimely deaths among witnesses or participants, the Vistana owners say they have been vindicated in their suspicions that their community association board had been hijacked so that lucrative legal work and repairs involving construction defects would be steered to particular individuals.
------------------------
This piece starts with another angle: owners who complain about alleged board or lawyer or manager misdeeds are nearly always unable to get prosecutors or police interested. They are told it is "a civil matter," or treated as if they are nuts. And those few intrepid owners who make the long and expensive trek through the civil justice system soon find that most judges defer to these volunteer boards as if they were repositories of great political wisdom. Thanks to Fred Pilot for the link.
ps: I just love this part: "As far as what’s known to have occurred, perhaps the most unusual part of the story is that the scammers operated brazenly — hiding in plain sight — for five years. Until FBI and Metro Police raids shut down the scam in September 2008, there was no known effort by state regulators or law enforcement to expose the scammers and crack down on them in a consolidated fashion. It could have been done: Between 2003 and 2008, several groups of homeowners at the affected communities knew they were being victimized, and they fought back with lawsuits involving public court hearings and complaints to state regulators and law enforcement officials. “In this case, there were some red flags and people (in authority) just didn’t see them,” Toussaint said."
Good point. Something could and should have been done by the so-called "authorities," these so-called "regulators," the police, and prosecutors much earlier. But nobody would listen to the owners...for five years. However, that is not even remotely "unusual." That is absolutely par for the course. Those in authority almost invariably treat the owner who challenges their board as a nutjob. And the fact is that there are many other situations in HOAs and condo associations all over the country where things are going on that should be investigated by police and local prosecutors, but where instead some lonely unit owner who is waving the red flag is being treated like the neighborhood crank.
Organized crime in Las Vegas takes on a new look - News - ReviewJournal.com
Organized crime in Las Vegas takes on a new look - News - ReviewJournal.com
Attorneys, former police officers, real estate agents, HOA board members, a property manager and straw buyers all admitted their culpability Thursday in ripping off Las Vegas homeowner associations. Yes, this is organized crime in Vegas....Federal officials estimate the potential loss so far within 11 HOAs investigated is $76 million. That's not just the loss to the HOAs, that includes losses to construction firms' insurance companies, which may have paid more than they should. It also includes attempted fraud efforts that failed.
--------------------
Thanks to Shu Bartholomew for the link to this column by Jane Ann Morrison. As Morrison says, HOA fraud is organized crime. Associations are easy pickings. The Vegas ring took over many associations, but small groups of people take over individual associations all the time. And here is another piece from the Las Vegas Review-Journal that explains more about how the ring operated.
Attorneys, former police officers, real estate agents, HOA board members, a property manager and straw buyers all admitted their culpability Thursday in ripping off Las Vegas homeowner associations. Yes, this is organized crime in Vegas....Federal officials estimate the potential loss so far within 11 HOAs investigated is $76 million. That's not just the loss to the HOAs, that includes losses to construction firms' insurance companies, which may have paid more than they should. It also includes attempted fraud efforts that failed.
--------------------
Thanks to Shu Bartholomew for the link to this column by Jane Ann Morrison. As Morrison says, HOA fraud is organized crime. Associations are easy pickings. The Vegas ring took over many associations, but small groups of people take over individual associations all the time. And here is another piece from the Las Vegas Review-Journal that explains more about how the ring operated.
Subscribe to:
Posts (Atom)