When do you worry about HOA performance?

Looking to get into a townhome community and the HOA apparently did some shady shit.

The HOA the developer hired embezzled them out of money, to the tune of 100s of thousands. The developer himself was sued and found to have a hidden account where they hid money and avoided taxes.

I’m wary of HOAs… But this is worrisome.

submitted by /u/AdwokatDiabel
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Looking to get into a townhome community and the HOA apparently did some shady shit. The HOA the developer hired embezzled them out of money, to the tune of 100s of thousands. The developer himself was sued and found to have a hidden account where they hid money and avoided taxes. I’m wary of HOAs… But this is worrisome. submitted by /u/AdwokatDiabel [link] [comments]

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