The I-Team is uncovering new details in the ongoing political corruption probe into homeowners' associations. For weeks, information has been trickling out. Now new details have come to light on how the deals went down and how lax enforcement opened the door for potential corruption.More>>
A former property manager is now coming forward saying she saw problems with the person at the center of the investigations, Leon Benzer. The I-Team has been digging up the story with connections to Cabo San Lucas and HOA's all across the valley. Investigative Reporter Jonathan Humbert has the latest.More>>
The ongoing investigation into corruption among local HOA's may have forced one of the people being investigated to take his own life. Investigators believe that potential target Chris Van Cleef took his own life Tuesday morning, just days after his name surfaced in connection with a wide ranging corruption investigation.More>>
The I-Team has learned the FBI conducted yet another search warrant raid involving the ongoing HOA political corruption probe. This time, the offices of a prominent construction attorney were targeted. Share your thoughts and comments on the investigation.More>>
FBI Agents and Metro Detectives worked into the night, serving search warrants at nine locations to find evidence of what they believe is political corruption involving local homeowner associations. Inside, share your thoughts on the investigation.More>>
The I-Team has learned that a law enforcement task force has served search warrants at locations in the Las Vegas valley as part of a political corruption probe. Inside, share your thoughts on the investigation.More>>
Friday, May 17 2013 8:05 PM EDT2013-05-18 00:05:13 GMT
LAS VEGAS -- When Randy Kleiner stopped to help an injured driver, he didn't expect to become injured himself. But on Thursday morning, as he was assisting someone who had crashed their car, anotherMore>>
When Randy Kleiner stopped to help an injured driver, he didn't expect to become injured himself.More>>
Friday, May 17 2013 9:02 PM EDT2013-05-18 01:02:54 GMT
LAS VEGAS -- A volunteer basketball coach at Shadow Ridge High School has been arrested, Clark County Schools Police Lt. Ken Young said. According to the Clark County Detention Center, the volunteer coach,More>>
A volunteer basketball coach at Shadow Ridge High School has been arrested, Clark County Schools Police Lt. Ken Young said.More>>
Friday, May 17 2013 8:56 PM EDT2013-05-18 00:56:00 GMT
LAS VEGAS - Metro Police says a preteen who was assaulted Thursday during an attempted robbery has died. Investigators said the preteen was walking near Charleston Boulevard and Torrey Pines Drive withMore>>
Marcos Arenas, a Bonanza High School student who was assaulted Thursday during an attempted theft, has died, Metro Police said.More>>
Friday, May 17 2013 8:39 PM EDT2013-05-18 00:39:56 GMT
LAS VEGAS -- Metro Police are investigating two people found dead in an apartment complex near Desert Inn Road and Maryland Parkway. According to police, the bodies were found around 3 p.m. Friday atMore>>
Metro Police are investigating the deaths of a man and a woman whose bodies were found in an apartment Friday afternoon near Desert Inn Road and Maryland Parkway.More>>
Friday, May 17 2013 8:17 PM EDT2013-05-18 00:17:28 GMT
LAS VEGAS -- Clark County firefighters are responding to reports of an explosion and fire at a facility located at North Las Vegas Boulevard and Sloan Lane. This is a developing story. 8NewsNOW. com willMore>>
One person is reported dead following an explosion and fire at a facility located at North Las Vegas Boulevard and Sloan Lane.More>>
Friday, May 17 2013 8:03 PM EDT2013-05-18 00:03:09 GMT
LAS VEGAS -- The theft of iPads, iPhones and other Apple devices is becoming commonplace, earning it the nickname, "Apple-picking," the police said. Bonanza High School student Marcos Arenas died ThursdayMore>>
The theft of iPads, iPhones and other Apple devices is becoming commonplace, earning it the nickname, "Apple-picking," the police said.More>>
Friday, May 17 2013 6:42 PM EDT2013-05-17 22:42:38 GMT
LAS VEGAS -- The Federal Election Commission had found that the parents of disgraced former Sen. John Ensign of Nevada made excessive in-kind contributions to a former political action committee staffMore>>
The Federal Election Commission had found that the parents of disgraced former Sen. John Ensign of Nevada made excessive in-kind contributions to a former political action committee staff member.More>>
Friday, May 17 2013 6:21 PM EDT2013-05-17 22:21:11 GMT
LAS VEGAS (AP) -- The lawyer who unsuccessfully defended O.J. Simpson against armed robbery charges in Las Vegas says his client knew two companions had guns in a 2007 confrontation with memorabilia dealers. MiamiMore>>
The lawyer who unsuccessfully defended O.J. Simpson against armed robbery charges in Las Vegas says his client knew two companions had guns in a 2007 confrontation with memorabilia dealers.More>>
Friday, May 17 2013 2:08 PM EDT2013-05-17 18:08:48 GMT
LAS VEGAS -- Eight hundred new teachers will head into Clark County classrooms, as the Clark County School board approved its $2.1 billion dollar budget for the 2013-2014 school year. For the first timeMore>>
Eight hundred new teachers will head into Clark County classrooms next year based on the $2.1 billion budget the Clark County school board approved Wednesday night.More>>
The ongoing corruption probe shows that if you're buying or selling a home or condo, you could be in serious trouble. Condos, neighborhoods and your home could all be in jeopardy because of a complicated, greedy scheme.
It comes down to a simple questionnaire. If your condo or house is going through complicated defect litigation, one form becomes your death warrant. No one will lend you money and no one will touch your sale. You're stuck because someone decided to sue. They get in, funnel sweetheart deals to construction and attorney buddies, and take off. It's slash and burn economics.
The experts are weighing in and they say the condo corruption case is going to hit your street hard.
"It's a lot of money that funnels through and it's a lot of people's lives that can be effected," said Sophie Lapointe with Five Star Mortgage.
Lapointe says recent problems with lenders Freddie Mac and Fannie Mae have tightened up the lending market. So if one of these questionable defect lawsuits goes forward, you're in trouble.
Question nine is what sinks the deal. Is the HOA part of any litigation? If yes, nine times out of 10, "You're dead in the water."
"Banks have backed away from financing when there's litigation going on in homeowner's associations," said State Senator Mike Schneider.
Schneider has been a critic of HOA's for years. He says the lawsuits essentially poison the condo or housing development, beginning with lower property values. Then, no one wants to get near it and no one will give you money to buy it. So sellers and buyers become victims with a house to sell and nowhere to go.
"They're easily preyed upon by professionals who want to get in and get their money," he said.
So in February, Senator Schneider will propose new, harsher legislation to hold HOA's accountable, "With that much money floating around and no oversight, it's kind of like what we're going through with wall street right now."
Until then, Lapointe says ask lots of questions, "How many people even pay attention to what's happening with their homeowner's association?"
Lapointe hopes people continue to apply for lending. That's one of the few ways out of this -- to try to sell off the condo and homes, even if those lawsuits have no merit at all.