Parcel 1 homeowners deserve an explanation from the Princeton Landing Board of Directors. Throughout 2015 and 2016, homeowners in Parcel 1 were required by the Association to pay a quarterly "Litigation Fee" in addition to their monthly maintenance. Homeowners were notified that lawyers had been hired to go after contractors who left substantial damage during a previous attempt at remediation. Numerous times the homeowners were told the lawyers representing the parcel were working on contingency. Homeowners were eventually informed that three settlements for large amounts of money were made. During all this time, homeowners were never given any clear explanation of what their fees were used for, nor has there been any accounting of how much has been spent so far or how much is left. There has not been any mention of a schedule for the remediation work to begin. This lack of communication is unfair to homeowners and shows this Board of Directors in a very poor light. Parcel 1 homeowners deserve to know what is happening.
Friday, August 25, 2017
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6 comments:
There clearly isn't enough information available. Residents and potential buyers have even contacted Princeton Landing News trying to find out more about what's going on.
The management company and the board are supposed to have the community’s best interests in mind. That’s why the whole place looks so shabby.
Thanks for your comment. We agree. To say PL doesn't look as good as it once did would be an understatement.
I very much agree! I have reached out to them numerous times only to be dismissed or given nothing more than "it's ongoing". Makes me wonder how much longer it will be, since its been a while and how come they aren't more transparent?! Seems a bit shady to me!!
Yeah they have left lots of people not able to sell their homes as mortgage companies wont issue mortgages while the association is in litigation... So basically our money is just stuck or we have to sell it at a loss. Thanks guys
Outrageous state of affairs. Can you provide more background info about this? Who pocketed the money? Isn't there some accounting in annual reports, etc?
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