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re: Homeowners Face Foreclosure After Developer-Run HOA Raised Monthly Fees to $2.5K
Posted on 11/2/26 at 3:58 pm to Tiger Prawn
Posted on 11/2/26 at 3:58 pm to Tiger Prawn
Probably should not have asked the question with the entire $350 fee. The original fee was $158/month, then they increased it to $350/month. If that entire increase was supposed to go towards the pool, then you are looking at less than $185k to build the new pool.
Also, if it's a community pool, I am sure there will be expectations of fencing, nice layout for gatherings, pool house...
This is what I am used to seeing, but we don't have all of the information about the original lawsuits, or conversations about the pools. Can only go off of what was stated in the articles, and the one I read implied the original increase (from $158 - $350) was to cover the costs for the pool and new amenities.
Also, if it's a community pool, I am sure there will be expectations of fencing, nice layout for gatherings, pool house...
quote:
Developer builds the pool and other neighborhood amenities as a way to market the lots for a higher value and recoups that investment as the lots sell.
This is what I am used to seeing, but we don't have all of the information about the original lawsuits, or conversations about the pools. Can only go off of what was stated in the articles, and the one I read implied the original increase (from $158 - $350) was to cover the costs for the pool and new amenities.
Posted on 11/2/26 at 4:34 pm to Jim Rockford
They should just murder him. Cheapest option. 5k and he’s gone
Posted on 11/2/26 at 4:42 pm to Weekend Warrior79
Gotcha. That would make sense if all of the lots were resident owned and the developer had already sold the lots. Otherwise the residents are just increasing their HOA dues to pay for a pool that'll enrich the developer because now he can charge more for the remaining lots.
But $192 / month increase still works out to $184,000 a year extra. And I'm sure the HOA could take out a loan to cover the pool construction and easily pay it off within 3-5 years with that extra $184,000 that was earmarked for the pool
But $192 / month increase still works out to $184,000 a year extra. And I'm sure the HOA could take out a loan to cover the pool construction and easily pay it off within 3-5 years with that extra $184,000 that was earmarked for the pool
Posted on 11/2/26 at 4:45 pm to Joshjrn
quote:
"The following property shall be exempt from payment of the Base Assessments, Specific Assessments and Special Assessments:"
"(a) Any and all property owned by the Declarant."
If the developer owns 60 of approximately 80 lots, and those lots qualify for this exemption, the association's expenses may fall primarily on the remaining homeowners.
quote:
Article III, Section 3 of the Declaration gives the Declarant's Class B membership 3 votes for each Declarant-owned lot, plus 1 additional vote for every lot owned by someone other than the Declarant. Ordinary homeowners receive 1 vote per lot.
I wouldn't buy a house for $1 in a single-family detached lot development with these type of bylaws, legal or not. Its important for people to read before buying....
Posted on 11/2/26 at 4:46 pm to djmed
That is the type of thing that gets people like Aaron Guess shot.
Posted on 11/2/26 at 4:56 pm to Weekend Warrior79
quote:
This is what I am used to seeing, but we don't have all of the information about the original lawsuits, or conversations about the pools. Can only go off of what was stated in the articles, and the one I read implied the original increase (from $158 - $350) was to cover the costs for the pool and new
Was this in the original preliminary and final plat approved by the municipality? Anyway, its always a risk buying in a development with public AND private improvements that are not completed, or will be completed in future phases of the project.
Posted on 11/2/26 at 5:01 pm to djmed
quote:
Just four years ago, dues for the 80-home community sat at a reasonable $158 per month,
Not to me
Posted on 11/2/26 at 5:29 pm to Snipe
quote:
moistly new build
Kinky.
Posted on 11/2/26 at 5:35 pm to Joshjrn
quote:
How in the frick did that pass? Changing the dues in any way would require a general meeting of our neighborhood in which a quorum is defined as requiring at least half of the lot owners, so in other words, good fricking luck
What if the developer still owns more than 50% of the lots?
Posted on 11/2/26 at 5:41 pm to djmed
Has the developer not sold most or all of the houses he developed? I don’t understand how he still runs the HOA if he doesn’t own most of the homes still. It doesn’t seem like any homeowners association I have been in or around where the developers handed over voting control to the homeowners after most or all houses sold. If NC law does not force this after a set % or even worse doesn’t force it after all are sold I don’t see how they even allow it to be called an HOA.
I saw the below in a different article from July. Is the developer the owner of most of the rental properties?
I saw the below in a different article from July. Is the developer the owner of most of the rental properties?
quote:
Only around 20 of the neighborhood’s 80 homes are still owner-occupied, with the rest converted into rentals, a shift Stephanie Roebuck said she never anticipated when she bought in.
Posted on 11/2/26 at 5:53 pm to Stinger_1066
quote:
What if the developer still owns more than 50% of the lots?
I wouldn’t buy into a neighborhood in which the developer has the unbridled power to amend the deed/covenant, full stop.
Posted on 11/2/26 at 6:11 pm to Joshjrn
This covenant is crazy. I’m thinking if they dig, they’ll find some fraud and inconsistencies in applying rules and fines..
this guy is just trying to grab all the properties below value to lease out and eventually sell the whole development
this guy is just trying to grab all the properties below value to lease out and eventually sell the whole development
Posted on 11/2/26 at 6:15 pm to Magnus
quote:
developers are slightly above used car salesman...scum
Ascension parish officials love them some developers, way more than the taxpaying residents
Posted on 11/2/26 at 6:41 pm to djmed
Even the original monthly fee is too much when they don’t have any amenities to manage.
This developer has been sued multiple times. For one civil suit He even got held in contempt for talking to a member of the jury about the case..
https://caselaw.findlaw.com/court/nc-court-of-appeals/116624988.html
Looks like he built or owns/owned a house on a lake right behind this neighborhood.
quote:https://www.yahoo.com/news/nc-board-suspends-license-homebuilder-205716094.html
North Carolina's Licensing Board for General Contractors has suspended Aaron Guess's license for allegedly failing to disclose certain information when he tried to renew his license in 2019.
…Action 9 started looking into complaints against Guess and his company, Story Homes, in September. Multiple people living in the Magnolia Cove neighborhood in Sherrills Ford said Guess didn't deliver on promises, including a neighborhood pool, lawn service, and mailboxes.
…A group of engineers sued Guess, claiming he altered their inspection reports to get county approval he may not have secured otherwise. The case was settled.
This developer has been sued multiple times. For one civil suit He even got held in contempt for talking to a member of the jury about the case..
https://caselaw.findlaw.com/court/nc-court-of-appeals/116624988.html
Looks like he built or owns/owned a house on a lake right behind this neighborhood.
quote:
Magnolia Cove LLC is a Domestic Limited-Liability Company organized under the laws of the State of North Carolina. The business was filed on November 1, 2018 and is currently listed as Current-Active with the North Carolina Secretary of State. The official file number for this entity is 1767261.
The principal office address is located at 4579 Paradise Cove Sherrills Ford, NC 28673. Mailing correspondence may be sent to 4579 Paradise Cove Sherrills Ford, NC 28673.
The Registered Agent on file is Aaron Guess, located at 4579 Paradise Cove Sherrills Ford, NC 28673.
Aaron Guess is the sole principal on record and serves as Agent and is associated with an address at 4579 Paradise Cove Sherrills Ford, NC 28673.
Posted on 11/2/26 at 6:44 pm to Tiger Prawn
quote:
$4200 a year x 80 houses = $336,000 a year You can build a pretty damn nice neighborhood pool for that kind of change. Plus its usually the developer that foots the bill for the original construction of the pool.
Unfortunately 60 houses are exempt and the last 20 have to carry the entire neighborhood.
The Facebook complaints don’t really offer any substantive background. But the last one leads me to believe at some point the developer chose to switch his homes into rentals. Since he owned more than half the properties he had majority vote which was the only one that matters. He’s probably a scumbag as well and figured he could chase off the buyers of the twenty homes he sold and get them back at a discount.
This post was edited on 11/2/26 at 6:47 pm
Posted on 11/2/26 at 6:59 pm to lsuconnman
I think we know now that the first question to ask when looking at a home “is this home subject to an HOA”?
I was probably the first second owner of a home in a developer HOA 25 years ago and I was never aware of it until a year after I purchased the home. No notification , no disclosure at closing. Fortunately the developer wasn’t a criminal like Aaron.
Three years later the development was completed and the residents voted to dissolve the HOA over the dissents of a couple of Karen’s who made it obvious they would have made our lives hell.
I was probably the first second owner of a home in a developer HOA 25 years ago and I was never aware of it until a year after I purchased the home. No notification , no disclosure at closing. Fortunately the developer wasn’t a criminal like Aaron.
Three years later the development was completed and the residents voted to dissolve the HOA over the dissents of a couple of Karen’s who made it obvious they would have made our lives hell.
Posted on 11/2/26 at 7:25 pm to Joshjrn
There should be a neighborhood board to fire bad HOAs everywhere. In this case it wouldn’t matter, but my neighborhood has done that when the HOA was not enforcing property upkeep standards required by the covenants.
Posted on 11/2/26 at 7:42 pm to Ben Rumson
quote:
Three years later the development was completed and the residents voted to dissolve the HOA over the dissents of a couple of Karen’s who made it obvious they would have made our lives hell.
Did the HOA own any amenities like a pool, tennis courts, playground, and any common areas including areas that required maintenance or other upkeeping around the neighborhood? If so how were they handled when dissolved?
Posted on 11/2/26 at 7:57 pm to IndianPower
No, but I have lived in a neighborhood with a hoarder.
Posted on 11/2/26 at 8:03 pm to tigersbh
I’ve seen a bunch of pro-HOA cucks on this board. They’re second to only the pro-data center cucks in annoyingness.
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