Peacock Hills HOA “It Ain’t Right!”
Monday, May 21, 2012 – KUSI's Michael Turko has been exposing HOA problems for years now, most of them dealing with petty rules and regulations. But Turko says this story involves a lot more than that. It involves the safekeeping of homeowners money in an HOA reserve account.
The Church Development Fund admits they've experienced net operating losses for the last three years and may not be able to re-pay all investors in the future. HOA experts say they always advise their clients to keep all HOA money in FDIC insured accounts.