Wednesday, March 14, 2007

DE: Sprinkler plan extinguished by high costs An idea to require six residential high-rise buildings in the city to install fire sprinklers has been scrapped because it would cost the owners too much money, 8:50:59 AM

FL: Icahn Bids $956 Million In Takeover Attempt Of WCI Communities Billionaire investor Carl Icahn bid $955.9 million for WCI Communities on Tuesday after saying he wanted to oust the board of the Florida condominium and single-family-home builder because the stock was undervalued. 8:44:33 AM

FL: Escape Act When he put down the deposit in late 2004, he was told the monthly maintenance fees would be $600. But as the closing approached, Related sent two letters notifying him the bill would climb more than 50 percent to $900. 8:35:00 AM

OH: Ohio $3.4M Fraud Charges Gregory A. White, United States Attorney for the Northern District of Ohio, announced today that an information has been filed against Kathleen DeSalvo charging her with mail fraud.  The information alleges that MultiVest Management, Inc., was a property management company located in Willoughby, Ohio, which provided services for about 50 condominium and homeowner associations. The information alleges that Kathleen DeSalvo was a vice president and co-owner of MultiVest and her duties included overseeing the accounting department and handling banking activities of MultiVest and its clients' accounts. 8:31:44 AM

CA: Judge rules in homeowner association suit Judge Randell Wilkinson ruled that the Aliso Viejo Community Association inspectors of election "did perform their duties in conformance with the Corporations Code," during the December 2006 AVCA election 8:28:46 AM

CA: Plaintiffs claim homes poorly constructed, sue for repair costs Now Pinto is one of 59 homeowners suing developer Ranchwood Homes over what they claim is shoddy construction at the Borrelli Ranch subdivision in Gustine 8:27:07 AM

AZ: Westbrook plans for future; Board proposes assessment, new owner increases The homeowners association board is looking to the future — and it looks grim unless they can find some way to build the HOA’s reserve fund. 8:25:50 AM

AZ: Villa far from a Dreamland: ‘Concerned’ lawsuit moves to Superior Court Despite Dreamland Villa Community Club attorney Charles Maxwell’s assertion the action should never pass, Concerned Citizens of Dreamland Villa attorney Steve Cheifetz managed to consolidate 25 cases and move to Maricopa County Superior Court. 8:24:11 AM