Thank you Andy. Yes, missappropriation of funds & perhaps fraud may be involved here & problems that have gone unresolved for years.
Shortly after I took possession of my home, I was hit with an SBA? outstanding (earthquake loan) on this property. I did not reside here at that time. There was no disclosure. I came to find that the members on the Board, who have lived here for 20 years did not pay off the loan, whereas I did.
If my mortage was not almost paid off, I'd let the bank repossess the property. Rent here goes for about $1500 a month.
My guess is, the repeated assessments here may have caused some people into foreclosure. When that happens, my understanding from a realtor, is that the homeowner trashes the unit, when they cannot pay their mortgage. Then the property value is even lower. & that's only the tipe of the iceberg.
There is too much here to go into. I appreciate any & all help, Andy. THANK YOU. THANK YOU.