This guy filed a $31 lien on the HOA president’s $20M house over a court-awarded judgment and the HOA’s unauthorized special assessment.
The HOA Nightmare
In the midst of a deteriorating building with broken elevators, rooftop AC units, and a pool empty for four months during the summer, a condo owner in a large city in the US found himself in the middle of a class-action style lawsuit with the HOA.
Deteriorating Building Condition
Despite the issues, the people in the building were friendly, and he had even taken the HOA to small claims court for failing to provide financial documents showing how their fees were being spent, which resulted in a symbolic $1 win.
HOA Announces a “Special” Assessment
But the situation took a turn when the HOA announced they would charge each owner a special assessment of about $1000 and an increase in monthly dues of 10%.
Where Was the Vote?
A membership vote is triggered if the special assessment brings the building more than 5% of its annual income, and as this amount was about 20%, a vote should have taken place.
HOA Claims an “Emergency”
The HOA claimed it was being made under an emergency clause, which means the membership vote doesn’t have to take place.
The emergency? Fixing the elevator that broke on Dec 24, 2021.
HOA Sends Threatening Email
When the owners pushed back, the HOA sent a threatening email stating that anyone who didn’t pay the assessment would have a lien put on their unit.
Retirees and Lower-Income Residents Hit Hardest
The owners were told that even though the money was in dispute, they still had to pay it, leaving many retirees and lower-income individuals in a difficult situation.
HOA President’s Lavish $20 Million House Comes Into Play
Fed up with the situation, the man took matters into his own hands and filed a $31 lien against the HOA president’s $20 million house, clouding its title.
A $31 Lien Is Filed
While some may view this as a petty move, the owner believes it is principle, not money. Now, the title cannot change hands until the HOA president pays the $31 judgment owed.
The Fight Has Been Won
After months of fighting and waiting, the man received an email from the HOA’s president saying he will be paid the $31.
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The post Homeowner Association President’s $20 Million Mansion at Risk Following Neglect of $31 Judgment first appeared on Fistful of Dollars.
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