|
|
|
|
|
|
| You are not authorized to post a reply. |
|
|
| Author |
Messages |
|
DWayneD
(Texas)
Posts:10
 |
| 01/09/2006 6:52 AM |
|
We have a developer that owns our management company. We have very little say in what should be done with our assessment monies. In fact our developer uses our assessment monies as if they are his. He uses management employees to work on his building projects, cut grass on undeveloped lots, install sprinkler systems and we are paying these employees from our assessments.
He is not paying overtime to hourly paid office employees, paying some employees additional money through commissions or contracting them to perform functions that should be part of there normal work. He in effect is stealing from residents and cheating the government because he is not collecting or paying Social Security, WC, etc.,
I am frustrated because our homeowners association has no funds, no way of getting them and it seems that WE THE OWNERS, MUST HIRE ATTORNEYS TO IMPLEMENT STATE LAW THAT IS DESIGNED TO PROTECT US FROM CROOKS LIKE HIM.
WHAT DO WE DO????? |
|
|
|
|
RogerB
(Colorado)
Posts:4686
|
| 01/09/2006 7:45 AM |
|
DWayneD, many developers are now creating long term contracts with management companies in which they have, in my opinion, a conflict of interest at the very least and in your example FRAUD.
It is too late to say BUYER BEWARE! Obviously it would have been wise not to buy into such a situation. Now it can be very difficult to change. Start with your Declaration, which has been written by the Developer to protect the Developer, while complying with state laws. See if it allows the mean to getting more control.
Form a group to talk to the Developer on your requests. He is vulnerable because he does not want negative publicity nor does he want to be audited by the IRS.
Good luck,
Roger
|
|
|
|
|
|
| You are not authorized to post a reply. |
|
|
General Legal Notice: The content of forum messages are from the posting member and have not been reviewed nor endorsed by HOATalk.com. Messages posted by HOATalk or other members are for informational purposes only, are not legal or professional advice and do not constitute an attorney-client relationship. Readers should not act upon this information without seeking professional counsel. HOATalk is not a licensed attorney, CPA, tax advisor, financial advisor or any other licensed professional. HOATalk accepts ads from sponsors but does not verify sponsor qualifications nor endorse/guarantee any sponsor's product or service.
HindmanSanchez Legal Notice: (For messages posted by HindmanSanchez) This message has been prepared by HindmanSanchez for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Members of HOATalk.com should not act on this information without seeking professional counsel. Please do not send us confidential information unless you speak with one of our attorneys and get authorization to send that information to us. If you wish to initiate possible representation, please contact an attorney in our firm. Our attorneys are licensed to practice law in the state of Colorado only.
Legal Notice For Messages Posted by Sponsoring Attorneys: This message has been prepared by the sponsoring attorney for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Readers of HOATalk.com should not act on this information without seeking professional counsel. Please do not send any sponsoring attorney confidential information unless you speak with the sponsoring attorney or an attorney from the sponsoring attorney’s firm and get authorization to send that information to them. If you wish to initiate possible representation, please contact an attorney in the firm of the sponsoring attorney. Sponsoring attorneys that post messages here are licensed to practice law in a specific state or states as indicated in their message signature or sponsor’s profile page. (NOTE: A ‘sponsoring attorney’ is an attorney that is a HOATalk.com official sponsor and is identified as such in the posted message or on our sponsor page.)
|
|
|
|
|
|
|
|