Las Palomas update?

[El Gato]

Has anyone heard any updates on Las Palomas? We heard one rumor that something is happening within the next week or so - financially. Have a friend who put a lot of money down a few years ago and has been in limbo since then.

 

[InkaRoads]

they are going to close it, business is too slow!! sign of the times!! just kidding!!!!

 

[fasteddy]

Sounds like they had an HOA meeting this past weekend and things don't look good. Lot's of finger pointing about bills not
being paid and such.
Glad I don't own there.

 

[Jim]

I was told that the HOA is $2M in debt... That could be a problem.

 

[fasteddy]

Jim,
How are the Sonoran properties holding up?

 

[Roberto]

I heard Las Palomas has NO employees right now.

 

[playaperro]

I heard people are jumping off the buildings.

 

[jerry]

They need to bet what they have on the Packers...It is a lock!

I was told that the HOA is $2M in debt... That could be a problem.

 

[Jim]

Yes, I work for the Sonorans and am probably not completely neutral but I can say that all of the Sonorans HOA's have a surplus and are doing fine. IMHO, they are the most stable resorts group out there right now. Just look at all the unfinished projects just sitting still. The Sky finished construction in the fall of 2007. They had already known that hard times were coming but still delivered a completed project as promised.

 

[Roberto]

Any idea how many sold units at Las Palomas? If the HOA is in debt, doesn't that mean the individual owners are liable for that debt? Guess one would have to see teh CC&Rs. Any Las Palomas owners on the forum?

 

[wildtoucan]

Las Palmas is doing good as well...

 

[Jim]

Very poor translation but it gives more info on the current situation at Las Palomas.

http://translate.google.com/translate?hl=en&sl=es&u=http://www.defrente.com.mx/&ei=huO6SY6mBqKUMoeO9asI&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3DDe%2BFrente%26hl%3Den%26rlz%3D1T4IRFA_enUS316US316

 

[Jim]

OK the link didn't go directly to the article. Just scroll down to "WORK IN THE PIGEON PROBLEM ABOUT TO EXPLODE " Again a bad translation of the headline. Palomas is Pigeons in Spanish... What an open door for Happy ;/

 

[rockyptjoe]

Can the union shut down Las Palomas....similar to what happened at Desert Oasis????

 

[playaperro]

Sure can if you believe in the easter bunny!

 

[AZ ROB]

And the employees at Playa Inn havent been paid either?

 

[jerry]

Looks like the owners will be forced to kick in 20k each as a last resort...hmmmmm The last Resort might be a good name for the place (Pigeon Coop another strong contender) if they can force this Miskin character out.

 

[Kramer]

Any one remember not to long ago the union issues at Las Conchas They tried to strong hold the community It cost money but they got of the union contract

 

[HILL BOY]

I was told last night that the Employ. have been paid, the problem is the Elect. Golf is still OK for today anyway

 

[RPG1477]

Las Palomas is in big trouble. Most of the rental employees were laid off and they have not received their pay. Some owners considering walking away and cutting their loses. The people that are officers of the HOA won't even keep their members informed as to what is going on with their money. The owners in the rental pool are owed over a $100,000,000.00 USD in back rent. Doen't look like they will ever get it. This resort is giving all of PP a bad name.