Florida's largest HOA is unraveling the mess caused by its ex board. It's costing millions

[Eugene]

Source: Miami Herald

Florida’s largest HOA is unraveling the mess caused by its ex board. It’s costing millions

Linda Robertson
Mon, August 21, 2023 at 5:00 AM EDT·9 min read

At the Hammocks in West Kendall, 6,500 homeowners are anxious for a return to self-rule after seven years under the thumb of a tyrannical, secretive board of directors that is accused of stealing millions in monthly fees from their neighbors.

Although the former president is in jail on theft and fraud charges, and a new board is running the largest homeowners association in Florida, the process of restoring community peace and fiscal health has been a struggle.

Some residents complain that the receiver appointed by a judge to clean up the legal and financial mess left by the old board is spending too much of the association’s money on too many lawyers, putting the HOA in danger of going broke again.

Receiver David M. Gersten has billed $2.03 million in expenses in seven months on the job. Gersten, the retired chief judge in Florida’s Third District Court of Appeal, was chosen by Miami-Dade Circuit Court Judge Beatrice Butchko to oversee the Hammocks and the new board that was elected March 30.

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Read more: https://news.yahoo.com/florida-largest-hoa-unraveling-mess-090000855.html