FLORIDA – Homeowners want developer to turn over control, but can it?

HERALD-TRIBUNE: Homeowners want developer to turn over control, but can it?
When threshold of 90 percent completion was reached, developer added more acreage for more homes, thwarting turnover. Now it’s “a convoluted system”.
By Published: Friday, October 25, 2013 at 6:36 p.m.

MANATEE COUNTY – Residents living in the gated Stoneybrook neighborhood of Heritage Harbour are asking the community’s developer to turn over control of their homeowner’s association and its assets.  But after a decade of controlling Stoneybrook, Miami-based Lennar Corp. may not legally own what residents are asking for from the company. Many deed-restricted HOAs become entangled in issues, but Stoneybrook’s situation has spread far beyond overgrown grass and simple foreclosures.

The problems have become so acute that a homeowner task force plans to meet next week to consider options for taking control of the community they say should have been rightfully theirs years ago. “This is a huge concern,” Stoneybrook homeowner Rob Bloom said. “We have been fighting for this for more than three years.”  Read more:

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