Homeowners in Fairies Farms, a North Carolina HOA, are
considering a lawsuit against their former HOA management company, Carolinas
Association Management, for mishandling money paid by homeowners.
According to the source listed below, Joe Patterson, president of Carolinas already has a shady history as a property management professional.
Patterson’s license as a real estate broker was revoked
in 2001 by the North Carolina Real Estate Commission. Three years later,
he was able to get that license back. Patterson claimed that he only
charged the fees to homeowners because the association board told him to.
The board denies this. Residents in Fairies Farms simply want to
know what happened to their money.
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