William asks…
Can the HOA president do that?
What do you think about the President of the HOA Board pooling funds with his adult children to buy one of the condos here that was foreclosed in by the HOA Board for non-payment of HOA fees? It seems the HOA attorney worked quickly to seal the deal, and they got the unit for tens of thousands below market value. Legal, unethical, illegal or just one of the HOA "perks". In California - and you know what housing costs are like here! Let's say he got the condo in 2006 for a 1996 price.
Anne answers:
Unethical but
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