Wednesday, February 22, 2012

Assessments LATE! & Fox Management Group Defaults, OWES OVER $450,000! (#875)

We'll go into more detail about Mara Feldman-Fox's apparent mental breakdown tomorrow.
But, right now we wanted to log a major problem for the record...
In what appears to be a desperate move, Mara has failed, yet again, to send the assessment bill on time.
As of today, Feb 22nd, it has not arrived.
Considering the month ends on the 29th (not the 30th or 31st) this is particularly egregious since it gives payees only five days (or less, if it doesn't arrive today) to pay the assessment before a $25 dollar late fee is imposed!
She and the Board are apparently desperate for cash to pull such a despicable stunt.
Add to that the fact that Board members have missed assessment payments, and, even if they caught up, probably didn't pay late fees...

Wednesday's total for Fox Management Group's still-unpaid bill from July, 2008 (over three years ago!)...$485,510.59 from an original $75!

They've broken the $450,000 level!Now that the 1% per workday cumulative late fee is over $4500, it's really mounting up, at a rate of $25,000+ a week!
It's over 800(EIGHT HUNDRED) late charges, and now the amount (with late fees) is over 2600 times the original bill...
Isn't that just pitiful?
But then, what can you expect from Mara Feldman-Fox, 
someone with only a bachelor's degree in accounting and 
NO other accreditation, whatsoever?
She's not even registered as a property manager, as required by law!
I hope for her sake Mara's better with her library books and DVD rentals! 
But I doubt it... ;-)

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