SteveM34 (North Carolina)
Posts: 4
Posts: 4
Posted:
My hoa was formed by a developer which went bankrupt in 2007. The hoa was never dissolved and a new hoa was formed after some of our lots were sold. I hired an attorney years ago which said it would be ruled volunteer due to many mistakes in the formation. The current hoa has never had a meeting in 7 years nor any board members voted on. They spent thousands on improvements for adding gravel off the hoa property nor on any of our property. Recently they had an election for a board after 7 or so years. They consulted an attorney who is telling them to merge the original hoa from 2007. The hoa also took no bids for the entire time and spent thousands on improvements of the home owners money with no board or vote to add sand on a pond area plus other things. They have collected over $40,000 and have less than $2500 in account. Now they are saying it will be enforceable when they merge the hoas with 80% of the vote. It would seem they would need 100% of the vote. Anyone believe they can merge two Dysfunctional hoas and make mandatory with 80% vote? The one parcel sold by developer who went under in 2007 has a lot owner who is signing so,etching wavering his rights to the old hoa. The landowners have had no say, annual meetings or other in regards to the money spent.