VirginiaR (Virginia)
Posts: 1
Posts: 1
Posted:
We belong to an "unformed" HOA of 13 houses, 75% are weekend or vacation use only. Although the developer paid state fees for us every year, dues are not collected as set up in the covenents. Members have met and are willing to take over, and pay dues, but some are reluctant because they say the developer is responsible for roads that never passed the state system, and a common area that needs some dock maintainance work. The HOA should have been taken over 5 years ago when 50% of the lots were sold, and of course the road needs work in that time to get into the state system. We are set up to meet again with developer, some want to sue him with non-existant HOA funds. They have set up a lawyer. We feel that is futile, he physically turned over the HOA checkbook and funds a couple of years ago. Any ideas?