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STATE OF EMERGENCY: Stop Foreclosure Fraud by Homeowners Associations

$2.5 Billion for Job Creation & Federal Regulation of HOAs

HUNGER STRIKE DAY 6



PROTEST FRAUDULENT FORECLOSURES by HOMEOWNER ASSOCIATIONS (HOAs)



So far, Senator Dianne Feinstein has responded. I would like to see Congress act on this.



STATE OF EMERGENCY: HOA FORECLOSURE FRAUD ON FEDERALLY-SUBSIDIZED LOANS SHOULD BE DEEMED A FEDERAL CRIME

When homeowners associations fraudulently foreclose, the federal government is hit with multiple losses: losses on federally-subsidized loans (Fannie Mae, Freddie Mac, FHA, VA), losses on government assistance to HOA fraud victims, and lost tax revenues. Since HOA fraud adversely impacts the federal government (U.S. taxpayers), HOAs should be federally regulated.



HOA FRAUD IS AN UNREGULATED BILLION DOLLAR PROBLEM

Nevada State Senator Michael Schneider suggested that homeowner association fraud runs into the billions of dollars.



PUBLIC CORRUPTION & HOMEOWNER ASSOCIATION FRAUD

Nevada has had at least four ?suicides? related to a massive multimillion-dollar HOA fraud scheme that is currently under investigation by the Federal Bureau of Investigation. Two of those ?suicides? were by HOA attorneys.



Federal judge, Kent Dawson is being investigated by the FBI and Justice Department?s Public Integrity Section related to the Nevada HOA fraud racket investigation.



The United States Government is suing (500) five hundred Nevada homeowners associations for alleged fraud in yet another massive Nevada HOA fraud scheme. U.S.A. v American Home Mortgage Services Inc. (D. Nev. 2011)



There is virtually no help from local and state law enforcement, and in fact Nevada Police, under color of law, have been used to threaten and intimidate HOA whistle blowers.



Most often when serious HOA crimes occur, HOA whistleblowers suffer death threats, false arrests , fraudulently-obtained restraining orders, felony arrest threats by Nevada police (under color of law).



I am in the process of filing a complaint with United Nations for these continued human rights abuses.



PROPOSAL:

$2.5 billion ?self-funded? yearly budget to create a federal regulatory commission (or use an existing commission such as the Securities Exchange Commission) for the federal regulation of homeowners associations. The $2.5 billion self-funded budget would:

1. Create Jobs

2. Prevent Fraudulent Foreclosures & Defaulted Loans (e.g., Federally-Subsidized Loans)

3. Prevent Tax Fraud

4. Prevent Fraud, Fewer Victims & Less Need for Government Assistance & Relief

5. Prevent (and Save) BILLIONS YEARLY in Homeowner Association Fraud Across the U.S.!



$2.5 BILLION SELF-FUNDING AVAILABLE FOR JOB CREATION & HOA FEDERAL REGULATION

According to Community Associations Institute (CAI), in 2011, there were 25.1 million properties in HOA-type communities.



If 25.1 million HOA property owners each contributed $100 yearly, it could potentially yield a yearly budget of $2.5+ billion to create a federal commission to regulate homeowners associations, create jobs and stabilize the real est