Homeowner Alleges that Texas Senator John Corona is involved in a homeowner association foreclosure scam

Texas Foreclosure News

Article Abstract:  A report recently emerged claiming Senator John Carona’s involvement in a Texas foreclosure – extortion scam.  Allegedly Corona’s was imposing arbitrary fines that would take precedence over HOA dues, and if these fines were not paid, the management company would be able to foreclose on the home.  Those arguing against the management company say the process is contrary to Texas Property Code: 209.009.  For the entire Texas Foreclosure article please continue reading.
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By Amy McCorkle
Rockwall, Texas -

We received notice last week of a new foreclosure - extortion scam being perpetrated on the homeowners in Rockwall Timber Creek Estates by Texas Senator Senator John Carona's management company - Principal Management.

Principal Management has convinced our board to institute an illegal fining policy without a vote of the membership. They will now apply the maintenance dues homeowners send in to the fines they charge so they can ignore the Texas Property laws and foreclose on our homes for non-payment of arbitrary fines by homeowner association boards and Carona's management company.

The following statement was added at the bottom of the new illegal fine schedule and is a deliberate attempt to bypass Texas Property Code, Title 11, Section 209.009.

    'Any accrued fines takes precedence over HOA dues and will be deducted from payments prior to the reduction of a resident's dues balance. All of these fines will be collected thru the collections department the same as the association dues.'

This is a deliberate attempt by Senator John Carona to bypass the Texas Property Code which prohibits homeowner associations, management companies and lawyers from selling homes to collect fines and lawyers fees charged to collect fines:

    TEXAS PROPERTY CODE:209.009. FORECLOSURE SALE PROHIBITED IN CERTAIN CIRCUMSTANCES.

    A property owners' association may not foreclose a property owners' association's assessment lien if the debt securing the lien consists solely of:

    (1) fines assessed by the association; or
    (2) attorney's fees incurred by the association solely associated with fines assessed by the association.

There will NEVER be an instance where I believe I deserve to be fined just because the management company might find a stray weed somewhere on my property, or for any other reason they could possibly dream up.

I decide where my money gets applied. I NEVER agreed to be micro-managed nor did I agree to maintain my property on someone else's schedule. I NEVER got to negotiate the HOA adhesion contract the developer put on the land before I bought the property. The board cannot do whatever they please, whenever they please, just because the CCR's say they can.

I WILL NOT be extorted out of my money on this foreclosure extortion scam.

I am sick and tired of our elected officials creating laws to benefit themselves and their businesses at the expense of the public. IT HAS TO STOP.
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NOTES; Texas Homeowners Reports on Texas Lawmaker John Carona:


Article Source http://www.ahrc.com/new/index.php/src/news/sub/article/action/ShowMedia/id/3680