Firm Under Scrutiny to Be Sold - washingtonpost.com
Nancy Levy sends this example of an HOA management company in trouble. But, hey, it's just another one of those isolated anecdotes. No need for regulation or anything. Just move along, nothing to see here.

The Fairfax City company under state and local investigation for possible embezzlement of more than $800,000 from Northern Virginia homeowner associations will be sold to a Herndon real estate management partnership, presidents of both firms said yesterday. Robert A. Koger said Koger Management Group, which oversees the finances of more than 300 homeowner and condominium associations, has reached an agreement with National Realty Partners. National Realty will take over day-to-day management of Koger Management, and the purchase is to be completed about July 1.