Legal Question in Real Estate Law in Georgia

Former developer receiving money that is due the Association.
I live in a condo conversion property and sever on the HOA Board. The Board has discovered that the former developer has been receiving land lease money for more than two years after the transition from developer controlled association to the homeowner association. The developer did not declare this land in the plot document or in the condo documents that the developer would continue to have control over this land after transition. The association�s lawyer researched this and indicates that this land is legally controlled by the association. When brought to the attending of the developer, he indicated that his intention was to keep control of this land and the land lease money. The developer has refused to remunerate the money ( greater than $50,000) he received from the telecommunication company back to the association. The association�s lawyer advises to file a law suit but indicates that the cost will be greater than $40,000 to litigate. QUESTION: What other options does the Association have to get back the money that the developer was fraudulently receiving?

Asked on 8/31/06, 2:20 pm

Scott Riddle Law Office of Scott B. Riddle, LLC

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Re: Former developer receiving money that is due the Association.

You hired a lawyer who presumably knows all the facts, and we have one paragraph. Discuss this with the lawyer.

Answered on 8/31/06, 2:22 pm

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