HOA company focus of Chandler police raid

Nick Martin, Tribune

January 19, 2007 - 9:45AM

Chandler detectives on Thursday raided the offices of a company that manages several homeowners associations because of allegations that it was involved in more than $100,000 in fraud, according to police.

The Reedy Group manages neighborhood organizations including Alma School Place, Carino Estates, Villas Northern II & III, Summerfield Unit VI and Western Skies.

Few details about the raid were available late Thursday. However, police spokesman Sgt. Rick Griner said, “In these types of cases, sometimes it takes a while” to get through all the paper and electronic records that were seized.

Griner said more details would be made available today.

A voice mail message at The Reedy Group, 58 W. Buffalo St., Suite 200, said the office was closed Thursday “during a power outage” and calls would be returned “in 24 to 48 hours.”

The company was founded in March 1997 by president Timothy J. Reedy, according to its Web site. Neither Reedy nor others involved with the company could be located.

The company has a satisfactory record with the Better Business Bureau in Phoenix, and had never been delinquent with its Arizona Corporation Commission filings.

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My comment disappeared! What's going on?

steve

Wow I live right next to Western Skies. I wonder if my HOA is doing the same thing? Suggest removal of this comment

January 19, 2007

Anne

Steve - Your HOA, if professionally managed, should use a management company that opens a separate account for each association fund account managed. Monthly fees get directed posted to the HOA, checks only written out of specified accounts with Board approval. You, as a homeowner, have every right to review your Association's financial statements in full (except delinquency reports). If your management company denies you that right, you might have a problem with how your HOA is operating. I'm an Association Manager in the east valley with 10 years experience, a national cerification and a state-wide certification and am happy to answer any further questions you might have about this. Most HOA management firms are above board - it's often the Board becomes power-hungry and misuses funds. But I wouldn't hesitate to contact your HOA and ask for the financials for 2006 - an audited copy of financials are your right to peruse as well. Suggest removal of this comment

January 22, 2007

Tomas

Organized crime has gone from being spelled "Mafia" to being spelled "HOA".

Lock these greedy swine in jail and throw away the key! Let the MS-13 and Aryan Brotherhood and Crips and Bloods administer justice to these white collar vermin! Comment has been reviewed

January 24, 2007

Adam

I live in Summerfield Unit VI and i always had a huge problem getting anything taken care of with them...now it appears i know why. They were too busy stealing. Suggest removal of this comment

February 7, 2007

Mary

I worked for the Reedy Group several years ago. This does not surprise me in the least. In fact it explains alot. I am sure these things have been going on for years. They have no business being in control of homeowners money and neighborhoods. Suggest removal of this comment