A controversial HOA in Denver has more than $1 million in the bank.
Mandatory Credit: KCNC
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‘Foreclosures are profitable’: Controversial HOA has more than $1 million in the bank
The Master Homeowners Association For Green Valley Ranch, which initiated more HOA foreclosures in 2021 than any other Denver HOA, has taken in more than $600,000 in one year from fines levied against its homeowners and the HOA has more than $1 million dollars on hand in checking accounts, CDs, saving accounts and cash, and the HOA lists its total assets at more than $2.2 million dollars, according to a CBS4 review of its financial reports covering the last four years.
