- Golf course at Stoneybrook West closed its doors in December
- HOA says course did not tell group they were closing
- HOA meeting to gameplan how to make a bid to buy the course
Category Archives: Uncategorized
The Washington Post Business : A billion-dollar empire made of mobile homes
By Peter Whoriskey February 14, 2019
SMYRNA, Tenn. — It’s not fancy. But in the exurbs of Nashville stands part of a billion-dollar real estate empire. The Florence Commons community consists of about 300 mobile homes of varying vintages, mostly single-wide, many valued at less than $30,000 apiece, set 20 feet apart from one another. The occupants of some will tell you: The floors buckle. The ceilings crack. The doors don’t shut right. Their homes are sinking. “Okay — it’s a trailer park, not a fancy gated community,” said Jessica Boudreaux, 33, who lives there with her two daughters. “If people could, they’d live somewhere else.” Yet Florence Commons, along with more than 200 other mobilehome parks around the United States, has produced hefty returns for Stockbridge Capital, a $13 billion private-equity firm, and its major investors. Their company for mobile-home parks has produced tens of millions for investors in recent years and saw a return on investment of more than 30 percent between late 2016 and the end of 2017, according to documents. Those ample returns arise in part from their willingness to boost the rents of residents of mobile homes. As one investor’s report on the company put it: The “senior management team has a A billion-dollar empire made of mobile homes – Read more:
Arizona bill would let older HOAs ignore laws, hold secret meetings
Jessica Boehm, Arizona Republic
Published 6:00 a.m. MT Feb. 6, 2019 |
A bill before the Arizona Legislature could exempt homeowners associations established prior to 1974 from complying with state laws that require them to make meetings and records open to homeowners.The bill’s sponsor, Rep. Kevin Payne, R-Peoria, said the change is necessary to ensure Sun City stays a 55+ community. But opponents say that’s not true, and warn that the unintended consequences of the bill could be drastic.
Sun City lawsuit spurred legislation
Beginning in 2015, a group of Sun City residents sued Recreation Centers of Sun City, the nonprofit that owns and maintains the golf courses and other recreational facilities in the unincorporated northwest Phoenix retirement community.
An entrance to Sun City (Photo: Jen Fifield/The Republic)Much like a typical HOA, RCSC charges residents annual dues that cover the cost of common area maintenance— and if a homeowner does not comply, the nonprofit can foreclose on the individual. But RCSC does not consider itself an HOA, because it is only responsible for the recreation elements of the community. Therefore, it does not follow the requirements set forth in the Arizona Planned Communities Act.The act requires HOAs to hold open meetings and provide all financial documents for homeowner review. It also lays out a process to recall board members and to foreclose on delinquent homeowners.
Greenvilleonline.com: Simpsonville man’s dispute with HOA may lead to jailtime
By Angelia Davis February 1, 2019
A homeowner in Simpsonville is facing potential jail time after haggling with his homeowners association about a shed on his property and related court fees for nearly two years. How Melchior Julien’s dispute with his HOA got to this point is a complicated story that touches on the nature of HOAs, how neighborhood covenants are enforced and perceptions of race relations in the South.In the seven years he’s been in the Holly Tree Plantation subdivision, Julien has encountered several problems with his HOA and the ordeal has escalated to where he’s now facing 30 days in jail if he doesn’t pay $3,600 in attorney fees by Feb. 1.Greenville attorney John Crawford Jr., who represents the Holly Tree HOA, said it would be the first time he’s had a homeowner go to jail after failing to obey the neighborhood’s rules. Read more:
FLORIDA – Bay area condo owner sick of paying $350 monthly fee for unit not repaired two years after fire
CCFJ.NET: Bay area condo owner sick of paying $350 monthly fee for unit not repaired two years after fire
Article Courtesy of WFTS Action News Tampa Bay
By Isabel RosalesPublished February 2, 2019
ABC Action News first told you about this story back in June. February marks two years since the fire first sparked at the Grand Reserve Condominiums in Tampa. Condo owners both living in the damaged building and those forced out are demanding to know why repairs are still not done.
All Georgette Khaziran wants is to return home.
“It looks left to rot,” she said staring at the building.
|But home means a metal fence, boarded windows and no railings.|
“In a month it will be two years. I see a lot of failures is what I see,” she said.
Khaziran is pointing the finger the management company under the helm of her HOA. She’s furious repairs haven’t been completed.
“I just keep paying and paying and hoping and hoping and I just feel taken advantage of,” she said.
She pays $350 out of her pocket every month in HOA fees for a home in which she’s never been able to return. Since the fire, she’s paid upwards of $6,000 in fees without actually living there.
“How do I plan my life? How do I move forward?” Khaziran asked. Read more:
CCFJ.NET: Residents clash with homeowners association
TEXAS – Condominium Developers in Texas Can Protect Themselves from Future Lawsuits Through the Use of Declarations
JDSupra.com: Condominium Developers in Texas Can Protect Themselves from Future Lawsuits Through the Use of Declarations
A Texas court recently affirmed the dismissal of construction defect claims by a residential condominium unit owners’ association because it lacked standing to assert claims against the developer, general contractor, and subcontractors of a new high-rise project in Houston. The case involved a high-rise, multi-residential, and retail development with alleged construction defects in the windows and resulting damage from water intrusion into some of its approximately 400 condominium units. The owners’ association brought suit against the project developers, the general contractor, and the window subcontractor, alleging negligence, negligent misrepresentation, breach of implied warranty, breach of fiduciary duty, and violations of the Texas Deceptive Trade Practices Act arising from the alleged defects.
The defendants won dismissal by arguing that Section 82.102(a)(4) of the Texas Property Code did not confer standing on the owners’ association to bring its claims because the statute expressly excepts any actions prohibited by a condominium’s declaration. For this development, the condominium declaration prohibited the owners’ association from bringing claims based on alleged defects in the condominium units or common elements. The defendants also asserted that the owners’ association lacked common law standing because it did not own, and had no interest in, the units or common areas, and thus suffered no injury from the alleged construction defects. Read more:
sportsfeedr.com: Stoneybrook West Residents Blindsided by Golf Course Closure
HOA embezzler to get three years, four months prison
Judge expresses the intent to sentence woman who stole $2.8M from Woodlake Condominium Association
North Carolina – Developer Charged Wilmington Residents Thousands for HOA That Doesn’t Really Exist. So Where’s the Money?
Port City Daily: Developer Charged Wilmington Residents Thousands for HOA That Doesn’t Really Exist. So Where’s the Money