HOA Secrets Exposed: How does your HOA spend the money collected?

HOA Secrets Exposed: How does your HOA spend the money collected?Whether you love or hate your homeowners association (HOA), you know that when the dues are due, you have to pay. But how much do you know about how that money gets spent?Author: Rebecca LindstromPublished: 11:26 PM EDT June 22, 2017DOUGLASVILLE, Ga. — Whether you love or hate your homeowners association (HOA), you know that when the dues are due, you have to pay. But how much do you know about how that money gets spent?A group of homeowners in Douglasville, Ga. said they’ve been trying for years to answer that question. They said that for years their dues have been going up with little explanation why. They asked to see their bank statements and receipts for spending but the board, through its attorney, repeatedly said no.Four years ago, Iva Wilmott said he was hired by HOA treasurer Kevin Sanders to fix a fence for the neighborhood and paint some of Sander’s personal furniture. He said both jobs were paid with one check from the HOA account.“I didn’t feel too good about it but he paid me, so I said okay,” said Wilmott.

via 11alive.com HOA Secrets Exposed: How does your HOA spend the money collected?

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