Saturday, June 01, 2013

Port Orange man shot into homes after disagreement with HOA, police say | News-JournalOnline.com

Port Orange man shot into homes after disagreement with HOA, police say | News-JournalOnline.com: Investigators learned a disagreement with the homeowners association prompted Lovejoy to shoot into two homes, one on April 17 and another May 19, police said.

Lovejoy was arrested Friday and charged with two counts of shooting into a building, police said. He is being held at the Volusia County Branch Jail with bail set at $30,000.

Friday, May 31, 2013

Barna Pleads Guilty

https://www.calhomelaw.org/PDF/Barna Pleads Guilty May 30_13.pdf

From Marjorie Murray at the Center for California Homeowner Association Law comes yet another isolated instance of massive embezzlement in the community association industry:


"SACRAMENTO, Calif. — Chris Barna, 35, of Manteca, pleaded guilty today to one count of 
bank fraud for his role in embezzling more than $950,000 from his employer M & C Association 
Management Services Inc., United States Attorney Benjamin B. Wagner announced.
This case is the product of an investigation by the Federal Bureau of Investigation. Assistant 
United States Attorneys S. Robert Tice-Raskin and Kevin Khasigian are prosecuting the case.
According to court documents, Barna was the controller for M & C, a company that provides 
community association management and developer services to numerous community 
associations in in Northern California. From April 2007 through May 2011, Barna 
misappropriated approximately 300 checks payable to M & C from third parties, 40 checks 
payable to third parties from M & C as well as two checks payable to the parent company of 
M & C. Barna forged the endorsements on the checks or wrote “deposit only.” He had the checks 
deposited into various bank accounts he controlled at Wells Fargo Bank. Barna then manipulated 
financial accounting records at M & C as part of an effort to conceal the fraud."

Friday, May 24, 2013

Las Vegas remains a deep underwater desert

 
Zillow report provides insight into Las Vegas housing market - www.ktnv.com: The area with the highest percentage of under water homes -- more than 70 percent -- is located in North Las Vegas, specifically the 89030 zip code. That's bordered by Pecos, Cheyenne and Owens.

A $140,000 home a few years ago is now worth only about $40,000. Homeowners are walking away from their property and business owners are concerned.

But, there's some light at the end of the tunnel. Home prices have gone up 30 percent since this time last year, and continue to rise.

Thursday, May 16, 2013

Loudon County seeks change in real estate law � Knoxville News Sentinel

Loudon County seeks change in real estate law � Knoxville News Sentinel: The proposed changes to the law would exempt county governments from paying property owners association assessments after acquiring the properties in tax-delinquency sales. Under current law, counties are responsible for paying such assessments if they acquire the property.

Making changes to the law has been a controversial process, said state Rep. Jimmy Matlock, R-Lenoir City.

“It has nationwide ramifications. It might turn upside down 150 years of real estate law,” he said.
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The county wants to have it both ways.  It creates a private property taxation scheme by mandating the formation of residential private governments -- homeowner associations -- but then wants to exempt itself from those private assessments.  If Loudon and other counties throughout the United States don't want to be liable for the additional layer of property taxation that they themselves have put in place, then they need to revisit their policies that require private financing and governance of residential developments via mandatory HOAs.

Loudon County seeks change in real estate law » Knoxville News Sentinel

Loudon County seeks change in real estate law » Knoxville News Sentinel
Thanks to Shu Bartholomew for this link.  For decades, municipalities have been imposing CIDs on home buyers in order to reap a tax windfall.  Now the bill is coming due.  Local governments foreclose on home owners for unpaid property taxes, and discover that they have to pony up thousands of dollars in unpaid HOA assessments.  So now they want the law to be changed. This would stick the HOAs with the losses, of course.


Legislators representing Loudon County will go back to the drawing board to work on changes in real estate law that could affect the disposition of tax-delinquent properties across the state. The issue in Loudon came to a head last October when 293 tax-delinquent properties in Tellico Village were removed from public auction because the county would have been liable for hundreds of thousands of dollars in ongoing property owners association fees. The proposed changes to the law would exempt county governments from paying property owners association assessments after acquiring the properties in tax-delinquency sales. Under current law, counties are responsible for paying such assessments if they acquire the property.

Wednesday, May 15, 2013

'Freedom Room' Is A Model For Tiny Homes Inspired By Prison Inmates' Experiences (PHOTOS)

'Freedom Room' Is A Model For Tiny Homes Inspired By Prison Inmates' Experiences (PHOTOS)

These tiny homes were designed based on the insights of some unusual consultants:

"But the most surprising consultants on the project were inmates from one of Italy’s high-security prisons in Spoleto. According to the team, these citizens are the ideal candidates for weighing in on flexible and adaptable living environments."

No doubt.  Extend this principle and maybe real estate developers could enlist convicts to create HOA and condo association rules.  After all, they are accustomed to living in close proximity to each other, sharing their community's amenities, and accepting limitations on their freedom.  These are all the things the industry says people need to accept in order to live in CIDs, aren't they?

The Weeklies

The Weeklies
"In the Denver suburbs, as in much of the U.S., the Great Recession turned formerly stable families into the new homeless—and left many living in budget hotels...Across the country, suburban poverty rose by more than half in the first decade of the new century. Families now find themselves navigating landscapes that were built around wealth: single-family houses that are sold, not rented; too few apartment buildings; and government agencies hidden at the far edge of the suburban ring, more responsive to trash-pickup complaints than rising hunger rates.  The Ramada families became homeless because they could no longer pay rents and mortgages and found little help to slow their fall."

Tuesday, May 14, 2013

Alderman meets with bond experts on buying back parking meters - Chicago Sun-Times

Alderman meets with bond experts on buying back parking meters - Chicago Sun-Times
Mayor Emanuel says there is no way this horrible privatization deal, made by former Mayor Daley, can be unwound, but Alderman Reilly claims he has talked with bond experts who say it is possible. The fun part of this is that when Daley stepped down as mayor, he went to work for the law firm that advised the city on the horrible deal.


"City Hall sources said Emanuel’s legal and financial teams explored “every available option, including finding a way out” of the widely-despised parking meter deal. But, former Mayor Richard M. Daley’s decision to drain nearly all of the parking meter proceeds to balance his last few budgets without raising taxes took the re-acquisition option off the table, the sources said."