LOVELAND, Colo. — From her home in the Enchantment Ridge subdivision, Pam Crabb showed notes from a homeowners' association meeting in December and expressed frustration on why property owners are being asked to pay for alleged theft they didn’t commit.
“Who's been watching the cookie jar?” Crabb asked.
She referenced the December HOA meeting notes that said rate increases were expected because of a lack of funds. The Enchantment Ridge HOA meeting notes referenced “fraud” and a police investigation, along with efforts to obtain compensation through an insurance claim.
Crabb said she paid about $600 in HOA dues last year, but this year, she’s being told she must pay $1,000 immediately because of mismanagement of funds.
“You're penalizing those of us who live here and got ripped off,” Crabb said, referencing her HOA. “We're the victims in this crime, and yet, you're turning around and saying, ‘Okay, now you have to pay for this.'"
Enchantment Ridge, along with at least seven other homeowner associations, have filed complaints to Loveland Police regarding the owner of Poudre Property Services (PPS) over allegations of theft and mismanagement of HOA accounts.
Poudre Property Services also operates under NOCO Real Estate Solutions.
A spokesperson for Loveland Police confirmed that a criminal investigation is underway, focusing on the owner of PPS. So far, as of this publication, charges have not been filed, which is why 9NEWS is not naming the owner of PPS.
Another HOA, Carlson Farms in Johnstown, has a pending lawsuit against PPS that was filed in February 2023. In the civil complaint, attorneys for the HOA allege “hundreds of thousands of dollars in Association funds are missing without explanation.”
9NEWS also obtained a letter sent to residents who live in the Buckhorn Village neighborhood, indicating rates will increase because of “mismanagement and alleged fraud.” The letter, sent sometime before Nov. 4, references a police investigation.
After repeated attempts to speak to PPS, the author of this article received a text message from a number tied to the company owner saying “No Comment."
A woman who answered the office phone said she hadn’t seen the owner in months.
9NEWS reached out to some board members tied to Buckhorn Village and Enchantment Ridge, but those who did respond to the inquiries declined to comment.
Loveland Police said they have active criminal cases in Loveland, Fort Collins, Johnstown and Windsor.
If you have any information about this story or would like to send a news tip, you can contact jeremy@9news.com.
More 9NEWS stories by Jeremy Jojola:
SUGGESTED VIDEOS: Latest from 9NEWS