HOA Fees Skyrocket To $30K A Year, Leaving Homeowners Facing Financial Ruin
Homeowners fear losing everything after their homeowners association hiked fees to a staggering $30,000 a year, leaving some wondering how much longer they can afford to stay in what they thought would be their forever homes.
Residents of Magnolia Cove, a subdivision in Sherrills Ford, North Carolina, learned on October 26 that their HOA fees would double to $2,500 a month, according to local news reports.
That puts annual HOA dues at $30,000, before homeowners pay their mortgages, property taxes, and insurance. However,
That eye-watering figure is just a third of what the boar…
$9M Check Fraud Lands Bankrupt Quogue Bus Boss Behind Bars, Feds Say
A Long Island bus company operator is headed to prison, more than eight years after his company went bankrupt in a $9 million check-kiting scheme, authorities said.
John Mensch, 55, was sentenced Wednesday, July 15 to 18 months in prison for the fraud, the Justice Department said.
Mensch, of Quogue, was owner of East End Bus Lines until the company went under, then in 2024 he admitted to the massive fraud, according to investigators.
Beginning in 2017, with money running short, Mensch came up with a scheme using two of the company’s banks, the feds said. At both banks, East End enjoyed spe…
