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Showing posts with label Coop. Show all posts
Showing posts with label Coop. Show all posts

Wednesday, October 23, 2013

Village Green Cooperative is finally getting it's day in the Light.




















If you're just because aware of the plight of the Blind unit owner in Prince Georges County that was evicted from his residence because of a disputed water bill then you're just getting started with Village Green.

Well this has been going on for a long time.  In fact back Aug 29th 2013 members of the community gather at a local elementary school to hear a presentation by WSSC on the refund that had recently been remitted back the community.

According to the representative of WSSC  at this meeting the rebate back the community was over 77 thousand dollars, yet unit owners like the one evicted didn't see a dime of it.



So what are some of the issue we know are happening.

Currently unit owners have to share the expenses of a three different water mains that come into their community from WSSC.  It seems that an out of state third party is responsible for maintaining a separate meter and from these they determine the billing and are responsible for sending them out and collecting the balances.

It's this relationship that is now being used to throw out on the street a number of unit owners not just the unit owner in the Channel 9 story.  

There's a couple of issues that come to mind right off the bat with regards to this situation.   The number one being that this third party is maintaining meters, which are regulated in Maryland by the Department of Agriculture.  The second being that often residents of this community have been able to prove that they have paid these bills however something between the Management Company (which there is much to talk about later) and the billing company they seem to be lost.  It is this area where unit owners have been denied the right to vote on the board in election and even worse being thrown out of their homes.

CK back we'll have video up from the WSSC meeting shortly as well as updates on what is happening at Village Green Mutual Homes Inc. In Prince Georges County, MD.

The Department of Housing and Urban Affairs recently returned 750 thousand (750,0000) from a the mortgage note they where holding and the unit owners are also in the dark as to what happened to this money and no one at HUD wants to talk about it let alone the board members that received the money.


Friday, October 15, 2010

Why has the main stream media done everything possible to not cover this?

So I have been talking about Condo & Hoa issues since the first time I heard about one.

It was surprising to me as someone that worked in both Community Associations,( CPWI CEO 5yrs BOD 22) and politics my first campaign job was to make signs for a judges race when I was in 10th grade (1980) the fact that the needs of Tens of Millions of American  homeowners are being harmed by the elected officials on the local state and federal level, now world wide since most new communities build world wide are Common Interest Communities should be one of these stories that a reporter dreams of covering.

Now the shock is that during this time I have not been able to get any reporter other then two local reporters or any media outlet.  My wife worked in NPR for years and NOT ONE reporter has ever returned a phone call.
We did have for a short time have one producer from 60 Minutes, he died, and so has this story plus the Condos, Coops, and Hoa that are now 80 percent of all homes built

Yet we still have no one coving this story.

Saturday, October 9, 2010

Maryland's Elected officals bend over backwards to kill your condo or hoa.

ANNAPOLIS, Md. (AP) - Maryland's governor and congressional delegation are asking the state's chief judge to halt all foreclosures in the state for at least 60 days.
In a letter to Chief Judge Robert Bell on Saturday, Gov. Martin O'Malley and all 10 members of Maryland's congressional delegation say immediate action is necessary to avoid miscarriages of justice.  Reported on WTOP

So Governor O'malley it appears that you are aware of the fact that 3 out of 4 of these homes are in a Common Interest Community and if you stop the process of foreclosure and dont help the community then there will be nothing left for the owner to be assoicated with since these homes are bound by convents and bylaws that say they are part and parcel of an over all community.

If your one of these communities I would be scared to death right now because this very same government is going to be after their property taxes and since so many of your neighbors went into default on their mortgage your budget has been balanced since the save button was hit drafing it and your community doesn't have these funds.
Let alone the master utilities, for street lights common area lighting, gas, water, security, repairs maintenance and these politicians have the nerve to cry over some auto signed documents.  Either, the Maryland elected officials hate your condo's coop's and homeowner association or they are clueless as to the effect decision like this one have on these communities. It's only 3 out of 4 homes in Maryland.
Considering that our Chairman Nelson Jacobsen called in and ask one



Maryland Condominiums, Cooperatives and Homeowner/Townhouse Associations are not just worried about the foreclosure. The process he talks about does nothing to help the Communities in fact it delays the amount of time and cost to the community.

What is the hardship on the HOA's How are you going to make these communities whole if you dont address the problem.

WHAT THE PROBLEM Well if they aint paying their mortgage then they're not paying these assessmens, reserve contributions and specail assessment for the homeowners they took the property from in the first place.

It gets better........Maryland HOA's there is a totallack of Financial Disclosure under the MD HOA ACT. When these banks do sell these homes which they are not paying assessment on they are not telling the new owners that the HOA is broke because deadbeats like the banks and FANNIE, FREDDY and HUD. Heck they dont have to even give the budget.

Now if that were't enough some of the biggest dead Beads see BOA-BLOG - FANNIE FREDDY & HUD aren't even giving them the required Documents -Article of Inc,
BTW Many of these CIC are not incorporated because they dont have the money to pay the MD filings.

Declarations, by-laws and any amendments. These are required under the Maryland HOA ACT Disclosure requirments and most of these banks, fannie/freddy and HUD are guilty of wholesale dereliction of responsibility or they are once again -- clueless.

Now considering that so many of Maryland homes are in CIC it find it very hard to believe that didn't notice them popping up in all over the place Considering that any development over 3 unit in Maryland has to form a water association.

So we are going to follow up with Craig Rice in Maryland and introduce him to a number of HOA owners and board directors and see if he's with CIC or against them.

Just stopping foreclosures will do one thing KILL CONDOS & HOAS IN Maryland

Friday, September 3, 2010

Did you know your Condo Coop & HOA has to issue 1099s

That right under the recently passed HealthCare act they snuch in a little tiny provision what states in plan languge that every transaction over 600 dollars has to have 1099's at the end of the year.  So when your Common Interest Community "CIC" (Condo, Coop, Single/Townhome Assoc.)

So every vendor that comes into your CIC that receives  $600 or more for services rendered the CIC will give them a 1099.  And, for every time you get a check for 600 or more then you have to remit a 1099 to other party.  So guess what tax time is going to be like.  

It is not clear from the language if this would apply to fines. 


So Condominims, Cooperatives, Single Family & Townhouse Associations need to attend the International Community Associations Webinar on the ramifications of this legislations and what CIC's can do to make sure if they have to repel it and send a message to every member of congress that they need to take into consideration the State of Communities.

Webinar TBA 

Monday, April 16, 2007

State of Communities

Elected officials on every level have not began to deal with this impact this type of development bring on to the residents. As well existing federal laws are putting CIC into potential insolvency; Let alone, the double taxation that residents of CIC face today.


Many of the issues that CIC encounter are covered here, but until our elected officials understand and take CIC's in to account when they make policy decisions these problems will only grow.


If the economy of the US is largely based on home ownership, we have the potential for some huge problems in our homes and financial markets because there is a clear lack of planning and educational opportunities for the owners of homes in CICs.


This blog is going to blog the CIC wide open and force everyone to deal with this issue which are many and effect so many people already and just about ever new home buyer.


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