CharlesB27 (Virginia)
Posts: 2
Posts: 2
Posted:
I apologize in advance for the length of my post..bear with me. If i jump around its because I am trying to summarize.
I have owned a property since it was built almost ten years ago. This property was a rental property so I wasn't around much. About a year ago I noticed the dues were being raised among other things without proper votes being taken (no meetings or anything over the course of almost 10 years).
I called a meeting and got other residents out where we found even more issues. The HOA was being ran by one person for the most part the entire time. He was trying to raise the dues yet again without a vote. We are a small HOA with 15 units. No club house or amenities. We just have basic bills (trash, power etc). We asked him to step down and of course he refused. We ended up using the bylaws to get him to step down and we empowered a new board. He gave pretty much no records and said he didn't have any and didn't really keep records the entire time.
When it came to handing over the P.O. Box and Bank accounts he became resistant and finally admitted he had been using the HOA account to hide money from child support. Once we finally got access to the bank account it was immediately clear what was going on. Approximately $36k from 2011-2017 is missing and unaccounted for. There is hundreds of checks written out of the account for Cash. Ontop of the money missing almost all of our bills are/were past due. He only paid the city fees once over the period so now we have no money and owe close to 10k on back due bills.
What path should we take? What method is most likely to get us some of our money back? He kept raising the fees and creating a bigger surplus for his own needs so i would like to get as much of this money back for the homeowners as possible. People just trusted he was doing the right thing and not seeing any budgets or anything and when they would ask for a meeting he would tell a lie or dismiss them this caused people to blindly pay whatever he asked.
I have owned a property since it was built almost ten years ago. This property was a rental property so I wasn't around much. About a year ago I noticed the dues were being raised among other things without proper votes being taken (no meetings or anything over the course of almost 10 years).
I called a meeting and got other residents out where we found even more issues. The HOA was being ran by one person for the most part the entire time. He was trying to raise the dues yet again without a vote. We are a small HOA with 15 units. No club house or amenities. We just have basic bills (trash, power etc). We asked him to step down and of course he refused. We ended up using the bylaws to get him to step down and we empowered a new board. He gave pretty much no records and said he didn't have any and didn't really keep records the entire time.
When it came to handing over the P.O. Box and Bank accounts he became resistant and finally admitted he had been using the HOA account to hide money from child support. Once we finally got access to the bank account it was immediately clear what was going on. Approximately $36k from 2011-2017 is missing and unaccounted for. There is hundreds of checks written out of the account for Cash. Ontop of the money missing almost all of our bills are/were past due. He only paid the city fees once over the period so now we have no money and owe close to 10k on back due bills.
What path should we take? What method is most likely to get us some of our money back? He kept raising the fees and creating a bigger surplus for his own needs so i would like to get as much of this money back for the homeowners as possible. People just trusted he was doing the right thing and not seeing any budgets or anything and when they would ask for a meeting he would tell a lie or dismiss them this caused people to blindly pay whatever he asked.