Originally posted by French Toast:
quote:
Originally posted by *~*M*J*~*:
This one I'm stuck in is so upside down I have talked to Eric about it.
The only thing good now is the new President we voted in. Everyone loves him!!!
Hopefully he can start bucking up on the deadbeats around here and straighten this place up!
Just what do you mean "upside down", M.J.??? If you're talking about the Hunters Creek homeowner association, it is teetering on the brink of insolvency. LG&E was about to shut off the street lights in Hunters Creek but the president of the homeowner's association discovered that they have been billing for roughly twice the streetlights that were actually installed. The homeowner's association is trying to secure a credit for the over billing that occurred. The homeowner’s association is in a tight spot because most people aren’t paying their association fee.
All the same, the homeowners association is running short of funds to maintain common areas like the entrance and playgrounds. There's a number of homes in Hunters Creek that are in or near foreclosure and many more that have been bought by various 'we buy houses fast' rackets that steal what little equity people have built up in their homes and then rent the houses out to anyone who's got a pulse.
I have friends in Hunters Creek and they're very unhappy now. They can't move because their credit is good but not great. You have to have stellar credit to get a mortgage right now. He wanted a new home rather than a 'used' one. I tried to explain to him the upside and the downside of purchasing a new home rather than a pre-existing home. I guess he's going to find out for himself. Hunters Creek seems to be going ghetto really fast.