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Monday, July 13, 2015

Malfeasance by HOA Board in self-dealing

The actions of the board of directors for a typical common interest development, homeowners association (HOA) are typically and legally accountable to the homeowners, but only if the homeowners demand that accountability.  When stories of alleged malfeasance become public (like the one cited below), one has to wonder if the homeowners were really paying attention and what happened to transparency and due-diligence, two other values in governance that are often sacrificed when boards go astray.

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by Canswerist® ▶ aka Altaloman®

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A 'moniker' for the 'social current see' about common interest developments, aka HOAs, or homeowner associations, also property owner associations (POAs). These communities, while private governments, function much like cities with more than 9 million residents in these localities in California. As such, ALTACITIES, "alternate cities," are larger than the combined populations of the four largest cities in the state, Los Angeles, San Diego, San Jose and San Francisco.