Texas Consumers Call for Investigation of Property Management Industry and Attorney Misconduct
Home Owners for Better Building will be asking the House Business and Industry committee as well as other lawmakers to request Attorney General Greg Abbott to investigate Home Owners Associations (HOAâs), the property management industry and its attorneys. âObviously there are many communities that can not afford or tolerte an HOA; certainly not at the expense of losing their homes for the enrichment by an aggressive industry,â said Janet Ahmad, National President of Home Owners for Better Building .âHomeowners need more than lawmaking, they need to see justice. The big business of HOA attorney âpayment-plan-greedâ makes Pay-Day-Loans look first-class. Homeowners deserve a state investigation,â concluded Ahmad.
Home Owners for
Better
Building
Email:
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- Website: www.hobb.org
â PRESS RELEASE â
FOR IMMEDIATE RELEASE Contact: Janet Ahmad
April 18, 2011 210-494-6404
Texas
Consumers Call for Investigation of
Property Management Industry and Attorney Misconduct
Non-Profit HOA Empire 1,425% Markup shows need for Lawmakers to call on Attorney General to conduct Fraud and Usury Investigation.
Austin
â As incidences of possible attorney malfeasance and hostile actions by property management associations are being reported almost daily, the need for more than legislative change is clear.
Home Owners for
Better
Building
will be asking the House Business and Industry committee as well as other lawmakers to request Attorney General Greg Abbott to investigate Home Owners Associations (HOAs) - namely the property management industry and its affiliated attorneys.
Recently, one
San Antonio
homeowner saw their $150 yearly dues become a $6,412.44 debt. Unable to pay the $3, 787.44 assessment and late fees plus; $2,625.00 in Attorneyâs fees and expenses attorney, Tom Newton representing the Lago Vista HOA, foreclosed and the family moved out.
Twenty six (26) other homeowners living in the same relatively small affordable housing subdivision have been faced with paying up to 1,425% in excessive charges or face the threat of foreclosure.
As reported by the Dallas Morning News: âA Houston couple may wind up having to pay more than $20,000 after a feud over a $50 ticket for having gray - instead of black - tape on exterior water lines, leaders of a property owners' rights group told the House Business and Industry Committee.â
The crisis of HOA abuses has become so serious that 60 plus HOA reform bills were filed in this session by
Texas
lawmakers.
Committee to Hear HB 1639: To help restrain runaway HOA attorney fees, HB 1639 filed by Representative Harold V. Dutton, Jr. of
Houston
will be heard in the House Business and Industry Committee today. The bill provides that only if the owner is provide a written notice that attorneyâs fees and costs can be charged, if the delinquency or violation continues after a date certain, otherwise the owners will not be liable as the result of judicial or non- judicial foreclosure.
As HOA foreclosures rise substantially and the economy worsens, the property management industry seeks to further enrich themselves during this session on the backs of homeowners with clever legislative lobbying ideas that expand unearned transfer fees, processing fees, and mandatory contributions to developer foundations, etc.
âObviously there are many communities that can not afford or tolerte an HOA; certainly not at the expense of losing their homes for the enrichment by an aggressive industry,â said Janet Ahmad, National President of Home Owners for
Better
Building
.
âHomeowners need more than lawmaking, they need to see justice. The big business of HOA attorney âpayment-plan-greedâ makes Pay-Day-Loans look first-class. Homeowners deserve a state investigation,â concluded Ahmad.
On April 21, 2011, Home Owners for
Better
Building
will announce its recommended list of significant pro consumer HOA reform bills we support this session as well as its list of the worse bills filed this session.
See HOBB.org feature: 1,425% Profits for the Non-Profits HOA Empire
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Home Owners for
Better
Building
is a member of the
Texas
HOA Reform Coalition
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