NORTH CAROLINA – Townhome Owners: ‘It’s just not adding up’

WWAYTV3.COM: Townhome Owners: ‘It’s just not adding up’
By Makenzi Henderson
November 25, 2014

WINNABOW, NC (WWAY) — If you move into a neighborhood in the Cape Fear, you’ll probably be part of a homeowners association. While there are benefits, like a pool or trash removal, there are also downsides, like nit picking and bad decisions. Some townhome owners in Brunswick County think something criminal is going on with their HOA. WWAY investigated. It’s a story that’s only on three.

Sheet after sheet, number after number, month after month, it took a lot of time and work for Tom and Melissa Modafferi to come to this conclusion.”It’s just not adding up. There are no approvals, There are street addresses that aren’t in our neighborhood that we’re paying for. It just looked kind of fishy,” Melissa Modafferi said.

The father and daughter, who each own townhomes at Mallory Creek plantation in Winnabow asked for their homeowners association’s financial records from 2007 through 2013 when they noticed their reserves kept dropping every year. Read more:

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