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Updated over 7 years ago,

User Stats

29
Posts
5
Votes
Fletcher Caulk
  • Real Estate Investor
  • Fairfax, VA
5
Votes |
29
Posts

HOA Board Members breaking law--Help!

Fletcher Caulk
  • Real Estate Investor
  • Fairfax, VA
Posted
I have a townhome in an HOA (location withheld for legal reasons), and there are new board members that are extremely toxic and very likely breaking the law, misusing funds, getting kickbacks on projects not approved by homeowners, etc. The horror stories are too long to go into. I'm coordinating with a group of homeowners that previously were on the board and have all lived in the community for awhile. They have gotten some preliminary legal advice from a friend, and we are talking through options for our way forward. Our goals are to remove the members (already had one vote, which the two board members that needed to go somehow were reelected by 3 votes, and we have heard they paid off people to vote for them), prevent them from further unauthorized spending (we do have a big, reputable management company that handles the money), and press charges for the legal side. Any advice for how to proceed? Also, I am not local anymore and keeping this as a rental. It is close to a new, very popular area and my value has exploded with more development on the way, so I hope to hold onto it, but am strongly considering selling. I'm not sure if having a lawsuit against the hoa will make it hard to sell though. HELP!