07/08/09
BUYER BEWARE
by Source
BUYER BEWARE. This writer has credit score of 809 & has never made a late payment in 35 years. The following is a complete factual account of Norcon profound lack of performance & violation of SC law: ARTICLE 16. RECORDS AND REPORTS SUBARTICLE A. RECORDS SECTION 33-31-1601. (a) (e) and Section 33-31-1603(c), a member (of the HOA. All Owners are members.) is entitled to inspect and copy, any of the records of the corporation-5 day written notice.
The following is an example of Due Diligence process by a Pro real estate investor that prevented untold misery by avoiding purchase of any Norcon managed property.
On 8/22/08 investor/real estate condo buyer had a unit seller/owner from Commons at Butler, E. Butler Rd., Mauldin, SC 29662 make written request to Norcon for 5 basic Homeowners Association (HOA) accounting financial reports required by GAAP (Generally Accepted Accounting Practices). Ronda Downey- Clerical (entry level) at Norcon Property Mgt. Responded on 8/26/08 with only one of 5 requested financial reports. Question was also asked: Provide names & phone numbers for the current Board of Directors. ---“ i cant give that.” (Wrong. Your hiding info that all Owners have right to know.)
On 8/27/08 prospect buyer requested a second time that Rhonda Downey please supply all 5 financial reports to the unit owner & provide Board contact info. Listing Agent from Access Realty was requested to escalate info request to Norcon top management. As of 8/30/08 no reply received from Norcon.
It appears that Norcon is in violation of above stated SC law by refusing to provide unit owner with HOA info. Additionally, Norcon may also be in violation of impeding the sale of real estate, free trade, restraint of trade, impairment to property value via lack of disclosure, failure to perform fiduciary duty & bad faith conduct. The "Greenville Guy" Board person appears to be focused only on collections. Delivering contractual services beyond liens & collections is the Norcon issue. No Sale. Will not buy real estate managed by Norcon! No legal or financial advisement is being offered.
Town homes/Condominiums- 27 listed.
Harbor Town 112 units
Forest Lake 139 units
Brookfield Townes 40 units
Russton Place Townhomes 40 units
Commons At Butler 39 units
Riverside Townes 64 units
Woodlands 36 units
Williamsburg At Botany Woods 104 units
Townes at Woodruff Park 92 units
Holly Towne 68 units
Holly Woods 38 units
Town Park 112 units
Merry Oaks 28 units
McDaniel Park 12 units
Yorktown 152 units
Carlton Place 115 units
Charter Oaks 24 units
Ivy Brooke 166 units Hadley Park 152 units
Spring Crossing 180 units
Creek Villas 20 units
Court Ridge 76 units
Townes at Woodruff Crossing 110 units at build out
Green Creek 30 units
Terraces at Granite Woods South 48 units at build out
Chatelaine 50 units
Ravines at Creekside 97 units
- Pros: Avoiding a Trap
- Cons: Seeking Services Elsewhere
Follow Us on Twitter