June 21, 2008

HOA - Update!

when we last left the saga the HOA had just terminate dthe Management Company's contract.

Before we did this we were told by the new Mgmt Co that regular owners should not notice any trouble and the only difference would be improved service! We (BOD members) were mainly concerned with owners being able to use the same coupon books to pay the monthly assessment fees ( because this would cause the most noticeable trouble especially if someone has automatic bill pay set-up). So when we wrote up the letter announcing the new Mgmt Co we included a sentence that they wold be able to use the same coupon books!

Now we found out this week that we cannot use the same coupon books, because the old Mgmt company set up the bank account incorrectly (ie - under their name! -- a big NoNo!! ).

It will be interesting to see how this will play out at the next meeting! I am sure the old BOD member that wanted me out will cause a big stink at the next HOA meeting - but I cannot wait to shove it back in her face that its do to old mgmt companies less than scrupulous practices!

And we have hired an independent auditor to look into what else may not be above board!

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