- Report: #1038535
Complaint Review: Ramblewood East Condo - Coral Springs Florida
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Ramblewood East Condo
4139 A NW 88TH AVE, CORAL SPRINGS, FL 33065 Coral Springs, 33065 Florida, United States of America
Phone:
954-752-6841
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Ramblewood East Condo Nick Damasceno Stealing units and money. Committing fraud. Coral Springs, Florida
This association is not maintaining the community, they are raising HOA dues, sending unit owners to collections and are attempting the following 1. Bring the prices down in the community, 2. Foreclose due to non-payment of HOA dues, 3. Have banks foreclose on the units. They are then using Right of First Refusal option to buy up all the units. If a purchase price is higher than they'd like, they then deny any buyer without providing a reason as to why. The HOA is amassing these units and either renting them out or selling them to friends. One can almost guarantee that the profits are not going to the association or there are back-end deals. Bottom line is, they are not acting in the best interest of the association thus what they're doing is wrong and possible fraud is being committed by Nick Damasceno. It's unlikely that they'll ever get sued because the unit prices are too low for it to be worthwhile for any corporation or association member to pursue legal action - we can only hope the City of Coral Springs pursues this and opens a full investigation.
2 Updates & Rebuttals
Mark
Coral Springs,Florida,
USA
Disagree with comments
#2General Comment
Tue, July 12, 2016
As a recent purchaser of a unit in the Ramblewood complex (2 years now), I performed due diligence on the HOA and also had a lengthy meeting with the president. I found the presidents actions to be commendable and also find the HOA in much better shape financially each year. There have been efforts by some owners who seem to have been responsible for the previous near bankrupcy and huge debt to defame Mr Damasceno and in contrast to this, I have found his work to be both transparent and for the good of the community.
Nissan
coconut creek,Florida,
I agree with you about Nick Damasceno
#3General Comment
Sat, February 22, 2014
I agree with you about Nick, but nick is not alone he with Ron Bucholz. Both of them do not live in Ramblewood east. Around 4 or 5 years ago they got 1 bedroom unit (25,000) and they making a profit around $5000 a year.Both of them perfeered to not be volunteer where they live. They perffer to dothis here. Both of them spending about 40 hours week in the office taking care of the papers and giving direction to the book keeper and meeting contracting and they know what is controling this operation. And they decided to do this as volunteer, They decide to fire 2 book keepers for some reson. They fired the company that was running ramblewood "with the excuse that they want to save money." By the law the assocition can do just 1 meeting a year. But because ramblewood east is very big community, very big neighborhood more than 1000 units here the residents of ramblewood decided to make around 10 meetings a year. and this was the way it use to be for many many years. Since Nick Damasceno and Ron Bucholz took over the board they decide to addopted the rules of one meeting a year, because they don;t want to bother the residents of ramblewood or give they them specific information about the realestate company they open with residents money.
