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Imaging learning your prestigious and private community streets and sidewalks had been sold to a couple who was in the right place at the right time. A sale that resulted because of a measly $994 in unpaid taxes that your homeowners association neglected to pay over the course of 30 years. 

 

What used to be a sanctuary to you and your fellow neighbors in your highly coveted community is now being treated as a paid parking lot… which YOU, a homeowner in the community, will now have to pay for if you’d like the park there. Or worse, the new “street owners” will now allow outside drivers to come into what was once a private community and line your streets with their parked cars. 

 

Yes, we agree. We would be outraged and upset to learn that because of a few simple mistakes on the part of the self-managed HOA (a $14 per year mistake, to be exact), our treasured private community is at stake. That is exactly what the residents of Presidio Terrace — the block-long, private oval street lined by 35 mega million-dollar mansions, are now feeling and dealing with. (Read the entire, original article here on SF Chronicle

 

How could this oversight have been caught and dealt with in a timely manner? By working with a company like The Management Trust, who concentrates on these important details. HOA management companies like The Management Trust can help to advise and protect your community from overlooked policies and procedures set forth by your city, county, and state. An important investment in keeping your community safe and organized.

Contact a representative here for more info on The Management Trust and so see how partnering with us can benefit your community. 

 

Article: http://www.sfchronicle.com/bayarea/matier-ross/amp/Rich-SF-residents-get-a-shock-Someone-bought-11738236.php