SheliaH (Indiana)
Posts: 6,964
Posts: 6,964
Posted:
After our September board meeting (in two weeks), our seven member board will be down to 3 people (including yours truly). Obviously, it's not healthy for any organization to be run by less than a handful of people, so the talk of receivership is getting louder.
Our president (who's stepping down in two weeks) sent homeowners a letter last month, which ended with her warning of receivership if no one stepped up to fill the four vacancies. I drafted an article on receivership to put in the newsletter, thinking if people understood what was at stake, that would prompt them to move. Of course, as I wrote the article, the madder I got!
Having gotting the anger out of my system (for now), it's dawned on me that a newsletter article might not be the best route and perhaps we should send yet another letter (if the wrong type of investor got ahold of the article, he or she might try to manipulate things to buy the houses at an even lower rate than what they're selling now). Then again, maybe I'm just being paraniod (things are already bad so how much worse can they get before a receivership kicks in).
What say all of you?
Our president (who's stepping down in two weeks) sent homeowners a letter last month, which ended with her warning of receivership if no one stepped up to fill the four vacancies. I drafted an article on receivership to put in the newsletter, thinking if people understood what was at stake, that would prompt them to move. Of course, as I wrote the article, the madder I got!
Having gotting the anger out of my system (for now), it's dawned on me that a newsletter article might not be the best route and perhaps we should send yet another letter (if the wrong type of investor got ahold of the article, he or she might try to manipulate things to buy the houses at an even lower rate than what they're selling now). Then again, maybe I'm just being paraniod (things are already bad so how much worse can they get before a receivership kicks in).
What say all of you?
If it is not right do not do it; if it is not true do not say it. Marcus Aurelius