HPP road maintainence

[Johnd]

quote:

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Originally posted by kalakoa

if we default on the Bond, we won't own the roads anymore. The lender will. What then?

The lender has deeper pockets than HPPOA. They could attempt to lien all ~8800 properties, or they could sue County. Either way is probably an improvement.

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The lender has nothing, but a portfolio of investors. Ask how much it will cost them to fight anything. Either they restructure or they restructure. Or they can sit on an egg and write it off like many banks have done with all those empty decaying homes in HPP and elsewhere. Instead of fixing and selling they wrote it all off! And the Board will have to FULLY disclose the financial since time in memoriam and they could be sued for defrauding lot owners with promises they never realized.

Don't pay the annual fees this year
Vote against the mailboxes
Default

The surest, cheaper way to clean house, Mermaid and Katarina. The rotten apples will abandon ship in a nanosecond and we get a clean slate to work for real in making this subdivision like it should have been eons ago.



jdo