The Galveston County Daily News: "GALVESTON — A homeowners association in an affluent West End neighborhood is accusing one of its members of falsely portraying himself as its president and signing documents that would release hurricane-damaged beach-front houses to the city in a controversial buyout program."
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Thanks to Fred Pilot for this link to a story about a $21 million buyout program.
3 comments:
So, if the identities of the directors and officers is disputed then why does the article claim that "a homeowners association...is accusing one of its members of falsely portraying himself as president". Seems like the press has already taken the position that the accusers are correct. Until such an issue is resolved, it isn't the "homeowners association" that is making such accusations but rather only individual homeowners.
If you haven't figured it out yet, HOAs do not "preserve property values" for ANY owner. If the HOA directors and officers refuse to release the property then the captive homeowners will be financially worse off. I'd like to see the city a) take the deal with the sellers, b) refuse to pay "taxes" to a private corporation, and then c) pursue eminent domain against the HOA corporation to terminate the restrictive covenants as to the acquired lots.
FYI: This is a follow-up to a story posted here on January 15, 2010.
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