What to do if our HOA has secretly purchased3 of our own units?

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What to do if our HOA has secretly purchased3 of our own units?

I live in a townhome. The homeowners board has become increasingly secretive over the last year. Now they have secretly purchased three of our own homes. They are raising the assessment to do this but not telling anyone about it. How can I get them to go public? They also refuse to release audit in which the auditor has found large sums (12K$) being paid out to the former president.

Asked on February 28, 2012 under Real Estate Law, Illinois

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

The best way to get the information you want is to consult with an attorney who does work with planned unit developments. If there was a sale of the units, the sale would be a public record that you can obtain from the county recorder's office.

As far as audit information, members of the HOA need to make a request to the board for the information needed to get answers that you want and the production of information such as monthly statements of the HOA's bank accounts.


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