Posted:
What Michael and Melissa said. I know you've been on the board for some time (I served 10 years on mine), so you might want to talk to your neighbors and see who might be interested. Sometimes, people are afraid of the work involved, but if you and your current (and former) colleagues planned your work and worked the plan, it may not be as cumbersome as others think. The former board members can always serve as a resource if the newbies have questions. Better yet, go to the CAI website and get some educational documents on board member duties. Between that and looking at the community documents (which dictate how most things are supposed to go). that should make people a little more comfortable. If they can commit to at least one year, that may give you time to look for more people.
Receivership is something you want to avoid under any circumstances. In case you don't know, the last board member left standing could go to court and ask that a receiver be named to run the association. The rest of you would have to pay those court costs and attorneys' fee, along with the receiver's fee (that will be costly). The homeowners would have NO SAY in how the community is run because the receiver only answers to the judge. If assessments have to be increased a lot to pay the association's bills, that's what the receiver will do and your only choice will be to open your pocketbook. You can try to sell, but who would buy into a community where the homeowners don't have any control because they were too lazy to serve on the board?
I dont know what you have in the way of common areas, but if there isn't very much and someone's willing to buy it and take that over, you and your neighbors might be able to vote to dissolve the association. You can't just quit - there is a process to this, and you'll need an attorney to discuss the pros and cons before you make a decision. The reason you have to address the common area is because if someone were to come along and get injured on it, he or she could sue the association. If you don't have a board to oversee the association's affairs, all of you, as association members, become personally liable.
It's scary, but sometimes people need to be scared into doing the right thing. You may need to spread your net out in a bigger area to find an attorney, but find him or her and run some numbers, then hold a special homeowners meeting and preach the Word, as it is. If no one responds, you may have no choice but to pull the trigger on receivership.
If it is not right do not do it; if it is not true do not say it. Marcus Aurelius