JerryM1 (Texas)
Posts: 1
Posts: 1
Posted:
Our community is governed by an out-of-state HOA...the board members are all in AZ with only one member elected from our TX community. My question is: Don't the members of a board have to be Home Owners? The Developer runs the HOA Board from AZ and all of our dues ($$$) go to AZ where the decisions are then made. It seems this is not fair representation. Does the Developer own the HOA?
Really confused and wondering if this is a legal entity. We are talking about a lot of $$ here.
Thanks for any help anyone can give us.
Jerry
Really confused and wondering if this is a legal entity. We are talking about a lot of $$ here.
Thanks for any help anyone can give us.
Jerry