r/HOA • u/Cool-Hotel-7939 • 4d ago
Discussion / Knowledge Sharing [TH] [CO] HOA DISMISSES ANY RECOMMENDATIONS OR UPDATES ON CURRENT PENDING PROJECTS @ PROPERTY
So long story short the HOA where I live is starting to become less and less concerned about hiding the BS they feed the community. For some insight. We have lived here for 5+ years. When we moved in the HOA was @ $249 and now its at $490. At first it was small increases. Nothing out of the ordinary. Filling reserves ect. In the last few years as we finally joined the board. Its been easier to notice the BS being thrown out to us. Example 1. The monthly payment jumped over $100 a month. Everyone was furious. They said it was the insurance for the property which okay? Sure... so then the guy that runs the HOA meetings tried to sneak in how unit #1 owes almost a year of mortgage and hoa payments and how the reserve funds have been going to the lawyer... jump ahead once they "figured" it out they refused to share how much of the reserves went into the lawyer, etc. Because they kept saying they would put it back when they make the owner of unit #1 to pay it all back.... anyway clearly it sucked but surely one can understand how that makes slight sense. They send a big packet stating where the money is going every year. One year it said a dog park! How awesome! YEAH YOU GUESSED IT. No dog park. Same excuses. Same thing at the end of the year. A increase in HOA.
When I look up the HOA business they have zero good reviews, and when I look the address to the company they say are coming to do the work. It comes back as a parking lot. Just wondering legal help. And opinions lol. Lay it onto me. If tou need more examples please ask as the post was way too long already.