HOA Assessment Delinquencies on the Rise

May 19, 2009 Wall Street Journal Reports Assessment Delinquencies on the Rise The Wall Street Journal reports that there is another sign that California’s foreclosures could jump in 2009: Delinquencies on dues (assessments) owed to homeowner associations have risen sharply. This is not a surprise to those of us in the trenches. Many managers report to us that they can barely keep up with the maintenance and repair issues because they are spending so much of their time dealing with delinquent assessment issues and matters. The Wall Street Journal Article suggests that "[t]he homeowner association delinquency rate can serve as a leading indicator of sorts because homeowners usually stop paying dues before they stop paying their mortgage." Click here to read the article in the WSJ.

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The CCV ALLIANCE unites a group of concerned homeowners who ask for improvement in HOA business transparency, management and access to HOA General Ledger, Paid Checks and other Accounting Records. The more transparent the HOA is, and the fewer secrets they hold, the better off our members will be.

During the past three years our HOA's financial position was ruined by reckless management of Nina Peltonaa, Sandra Kraden, Madeleine Short, Patricia "Pat" Smith, and Neda Firouz. Unfortunately the situation is now getting even worst under dictatorial “heavy-handed management" by DAVID McGRATH, JAN MELDOLA and BRIAN MARTIN. The three conspired to rig the Election so they can retain access to homeowners money. But this is not all.

For example, to conceal David A. McGrath alleged sexual harassment of Hispanic Women employed by DMS Janitorial, INC, which was reported to CCV HOA management, David A. McGrath and his two followers chose to fire qualified manager Mark Montgomery and all English Speaking Employees.

After getting elected using false biography, and false promises of "TRANSPARENCY", David A. McGrath and his loyal accomplice, Jan Meldola and Brian Martin, took HOA on a dangerous and very costly slippery slope of lawlessness, abuse of power, harassment of residents they don’t like, defamation that exposes HOA to liability, check writing by hand, and record hiding from Members - to just name few most common incidents.

We are deeply appalled by the fact that in direct violation of our Bylaws David McGrath, Brian Martin and Jen Meldola now run the three member board, which must STOP even if offended Members need to file a lawsuit to remove abusers from the power.

THE CCV ALLIANCE thanks ALL homeowners for supporting our demands for increase in HOA’s business transparency, Board's accountability and skillful management that prohibits overpayment of any vendor for the purpose of collecting “kickbacks” under the table – which David McGrath admitted it is all he wants form the Board Position before he can move out of complex. His stated objective is to dump his upside down mortgage when his girlfriend Margaret Santoro finish her Nursing Courses. For this purpose he brought in all his wendors to charge us way more then we should be paying.

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