Pages

Pages

Sunday, May 15, 2016

Request for resignation/termination of Ms. Xochitl Yocham from board of directors for conflict of interest/Breach of fiduciary responsibility




VIA ONLINE PUBLICATION, EMAIL & POST

April 14, 2016

TO:  CZ Master Association Board of Directors.
C/O Keystone Pacific,
3001 Tomas Suite 160
Rancho Santa Margarita, CA 92688

RE:  Request for resignation/termination of Ms. Xochitl Yocham from board of directors for conflict of interest/Breach of fiduciary responsibility


Greetings,

I hereby request Ms. Yocham resigns from the CZ Master Association board of directors for conflict of interest and or breach of fiduciary duty.  Should Ms. Yocham not resign, then the board should remove her.

Ms. Yocham not only changed careers as a result of her position in the CZ board of directors, but her posiiton enabled her to join the CID/HOA industry, which largely looks for the interests of property managers, attorneys and service providers, NOT homeowners – see for example CAI and Lawyer opposition to AB1720 - http://cotobuzz.blogspot.com/2016/03/lawyers-against-legislation-that.html, Its Official: According to Zogby report, Associations, Board Members and Community Managers Earn New Clothes and Summary of the CAI-CLAC Annual Legislative Day in Sacramento Sans legislation detailing how Ms. Yocham's current employer,  Optimum Professional Property Management from the Orange County Regional Chapter, obtained the HOA Industry's third palce in its Top Management Company Supporter award.


HOA/CID actors always have diametrically opposed goals: Through willful ignorance, gross incompetence, cognitive dissonance or cognitive challenges, boards tend to side with the industry



Ms. Yocham’s position with Optimum Professional Management should enable her to see litigation from the homeowner’s perspective, as well as from the board’s perspective.  In the case of Optimum, for the most part, it is the defendant. – See exhibit B






Ms. Yocham, more than anyone else on the board, should then have first hand knowledge that the CZ board excessive use of litigation- 1000% more than a typical HOA, including Optimum,  for collections, may be enabling a collections scam, and if it is not a scam, then she should be able to articulate why it makes good business sense to carry on.

 In other words, Ms. Yocham should be able to describe the return on investment of litigation, but also explain why it is the legal, moral and ethical thing to do, as opposed to blowing it off as a non-problem and defame critics of the board’s approach, such as the board did in its last vicious, defamatory, infamous Mitchell letter.

If the rationale is that Ms. Yocham and the board relied on professional advice from Keystone and James Harkins, while also knowing that Keystone and James Harkins have been involved in collections scams, according to court records, that would most certainly violate the business judgment rule.



Look forward to hearing from you at your earliest convenience



 RELATED STORIES


Updated 5/8/2016 at 4:20 PM with Force Field (Boxing) picture Posted By CotoBlogzz Rancho Santa Margarita, CA – “According to a n...



Posted by CotoBlogzz Rancho Santa Margarita, CA -  if you live in a common interest development/homeowners’ association, and  have been...





Realtor(r) Blaming the HOA Victim




A Note of Caution About HOAs

Most horror stories about homeowners associations are rooted in the owners’ misunderstanding of what they are buying into.

The number of Americans living in common-interest communities — those governed by either a homeowners association, condo board, or cooperative — has grown from 1 percent in 1970 to 24 percent in 2013, according to the Foundation for Community Association Research




Realtor magazine publishes HOA socialism by CAI Trustee


Realtor magazine publishes HOA socialism by CAI Trustee

by pvtgov
Realtor Kelly G. Richardson advances a socialistic and authoritarian view of HOAs in the national Realtor magazine.[1] “Many owners do not recognize that the benefits of shared ownership involve relinquishing some of the independence of sole ownership. That’s the root of so many of the HOA horror stories we’ve all heard, as owners normally do […]

Clueless In Coto de Caza: HOA willfully ignorant grossly incompetent, or?

VIA ONLINE PUBLICATION, EMAIL & POST May 1, 2016 TO:  CZ Master Association Board of Directors. CC.  CZ Homeowners C/o K...


No comments:

Post a Comment