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The Developer, Saunders, is a slime ball. Suit will be thrown out of court. Anyone who owns a home or a vacant lot is assessed a yearly 1 time payment of roughly 1000.00 for annual association dues which keeps the development running. Saunders supposedly has been paying the assessment for some 8 years for the unsold lots he still owns. Out of the blue he writes the homeowners association demanding a 8 year refund on all the lots he had owned saying he is exempt from the payments. This is the same guy who bought Jaguars Lair and presold many lots to people for up to 200k and above and decided to stop the development These poor people are out the 200k they paid for their lots. Suit is for $640,000 dollars against the Homeowners Association. Just mention the name Mark Saunders down here and wait to you see peoples facial reactions. Freaking priceless as we say in NJ.
You pretty much nailed it, but it didn't get thrown out -- it was settled about a month ago. No one knows what the settlement was as it seems the HOA board signed an NDA. That has many ticked off. In time, when the bills can be seen, an idea of how much the HOA agreed to pay, will, maybe, be clearer -- but how will the home owners know if the payment is monthly, quarterly, or what? The lawsuit was very interesting; ccr's internally inconsistent, defense claims of failure to mitigate, laches/dirty hands, but the big kicker was the HOA back in 2010 when it took over, contracted with Saunders for management services! As a result, when the lawsuit hit, the management did not turn over the community's records, necessitating court action, and his employees, as management, were consistently at the table when confidential attorney/client communications were discussed. The Board, imo, was pretty much in Saunder's back pocket all along, and the result was an inability to use common sense when it came to their fiduciary duties to home owners. I could write a book!
You pretty much nailed it, but it didn't get thrown out -- it was settled about a month ago. No one knows what the settlement was as it seems the HOA board signed an NDA. That has many ticked off. In time, when the bills can be seen, an idea of how much the HOA agreed to pay, will, maybe, be clearer -- but how will the home owners know if the payment is monthly, quarterly, or what? The lawsuit was very interesting; ccr's internally inconsistent, defense claims of failure to mitigate, laches/dirty hands, but the big kicker was the HOA back in 2010 when it took over, contracted with Saunders for management services! As a result, when the lawsuit hit, the management did not turn over the community's records, necessitating court action, and his employees, as management, were consistently at the table when confidential attorney/client communications were discussed. The Board, imo, was pretty much in Saunder's back pocket all along, and the result was an inability to use common sense when it came to their fiduciary duties to home owners. I could write a book!
getting readReady to build in Ocean Ridge plantation and as far as I know houses are still going up like crazy two of our friends just made settlement and a third has been here for over a year now I haven’t heard any bad about anything
I sat for 2 hours through to town hall meeting last month for over 2 hours last month. Settlement was announced but as you said very little details. One of the key issues brought up was the topic of security and safety. Board gave the 250 people in attendance the topic will be seriously addressed especially the back entrance off Castlebrook Way onto Old Georgetown Road. Now yesterday afternoon we get a email blast that the Guards at the Rt 17 entrance will be let go do to a lease expiration issue. Now we have no secured gates except after dark on 904 and we will have less security and safety than we had before. Email they sent out was priceless trying to pacify us by saying a guard will be checking for parking pass at beach house. Obviously this has nothing to do with the security and safety to the homeowners and residents where they live within the plantation. Actually it was insulting trying to think this would put people at ease. Priceless...
Quote:
Originally Posted by jaxon2013
biscman,
You pretty much nailed it, but it didn't get thrown out -- it was settled about a month ago. No one knows what the settlement was as it seems the HOA board signed an NDA. That has many ticked off. In time, when the bills can be seen, an idea of how much the HOA agreed to pay, will, maybe, be clearer -- but how will the home owners know if the payment is monthly, quarterly, or what? The lawsuit was very interesting; ccr's internally inconsistent, defense claims of failure to mitigate, laches/dirty hands, but the big kicker was the HOA back in 2010 when it took over, contracted with Saunders for management services! As a result, when the lawsuit hit, the management did not turn over the community's records, necessitating court action, and his employees, as management, were consistently at the table when confidential attorney/client communications were discussed. The Board, imo, was pretty much in Saunder's back pocket all along, and the result was an inability to use common sense when it came to their fiduciary duties to home owners. I could write a book!
A few of us requested to review our financials and saw the amount our community paid. It was something like 210k. Since then, the community stopped maintaining property that is owned by the coastal. There is no longer a watchman at the main entrance. Which doesn’t upset me at all. No flowers will be planted, irrigation off, grass not being cut. We don’t own it so we aren’t maintaining it.Yesterday coastal decided to block the entrance at Old Georgetown at will. Using that rickety old red and white arm to which they added colored ribbons. The emergency access to this arm is still broken so emergency vehicles won’t be able to gain access. There was an issue re connecting Dartmoor with a state road at this entrance and developer needed to install turning lanes. NCDOT responded to the complaints of owners and NCDOT paid for the turning lanes with the agreement that coastal would reimburse. Closing this entrance, in my opinion, is a punitive action and I will be taking this up with NCDOT on Monday. Likewise our declaration reads that owners egress/ingress cannot be denied and I think that is what is happening. Don’t know the law but will do some research. You may have noticed that many of the ponds are not being maintained. Just lovely.
I guess I will pass on the invite I just received to come and check the place out
Sorry to say, you have to be a fool right now to accept that invitation. The golf courses are a mess (recently a huge group of Canadians declared they would never be back), the ponds are full of scum and algae, and water lilies, going eutrophic. Many, many golfers have taken their membership elsewhere. The amenities, like the pool and clubhouse, are overcrowded because the developer never built what was promised, like an additional pool. Dead trees have endangered residents on property still owned by the developer, and Coastal Companies has refused to remove them, and now he has blocked the Old Georgetown entrance to emergency vehicles after 5 pm, further endangering residents. But the coup de gras is the architectural review committee, which is controlled by the developer, is allowing spec housing which does not conform to our design specifications, not in building and not in landscaping. As they say, "There goes the neighborhood!"
Spec housing is now permitted? Wow, how did you hear that?
Sorry, I did not have the notifications thing turned on so did not see this. I should not have used that word, but I think you got my gist -- not spec, OR has always allowed speculation building, I meant tract homes.
Go to the Rip Tide Office -- in that strip mall across from Fibbers, and ask for the brochure on Ocean Ridge Plantation (trademarked so not allowed to use UNLESS Saunder's has ok'd it via some deal!). See the possible tract homes that can be built. Then take a drive to Summerhill Glenn (brown brick), and Summerfield Place (gray one as you enter) -- have your design requirements with you! Note amendment 25.
A realtor friend in the Plantation tells me about the high "finders fee" they are paying -- realtors are pushing them, even realtos in OR because -- hey, a buck in the hand! Bring the custom home prices down in the long run, hurt the realtors in the long run, but everything is about the do-ray-me, today!
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Coastal settlement
