Lakemont Shores and Bay Club name

If the reader reviews the plat shown on this page it makes my point of the ineptness of the board of directors past and present. This plat was used as a sales display for Southwest Beneficial Finance Company and the "doing business as" (dba) was "Lakemont Shores and Bay Club". They continue to use this name twenty years later, this is misleading and illustrates the lack of knowledge of the past and present Boards. In my opinion.

Who is considered a developer

The following information was taken from "HUD interstate land sales" website
"Who is considered a developer
A developer is an individual or a business entity that, directly or individually sell or leases, or offers to sell or lease, or advertises to sell or lease lots in a subdivision. Since offering or selling lots, rather than physically developing them, is a criteria for determining who is a developer, the following examples, in addition to the traditional developer, may meet the criteria:(1) a bank offering lots obtained through a foreclosure(2) a corporation that acquire groups of lots in an existing subdivision for resale; or (3) an indiviual who buys lots at a tax sale or an auction for resale to others"
In my opinion item (2) above is exactly what the LSPOA is doing!!!!!!!!!!!
Also a past President of the LSPOA bought lots at a tax sale see item (3)
You would think that HUD would enforce the laws on their books!!!!!!!!!!!!!

Allyson Acres Subdivisions CC&R's recording dates

Below are the 15 subdivisions of Allyson Acres Wonderland with the year of their recording

West 1966, East 1967, Oaks 1971, Valley View 1972, Hilltop 1972, Dogwood 1972, Mobile Vista 1972, Grandview 1973, Red Bud 1973, Hickory 1974, Echo 1 & Echo 2 1974, and the Estates 1975.

Golf and South are not shown.

There were two property reports for Allyson Acres Wonderland one in 1972 and one in 1975. One might assume many lots would have been sold during this period of time. Those lots, whatever the number, would no longer be the Studebaker Land Co. or LTD Land Co. properties and they could not sell or assign their property rights.

When Southwest Investment Co. purchased Allyson Acres Wonderland they imposed a Property Owners Association over the property owners and usurping their property rights. In my opinion.

The property owners should have had a vote to belong to a property owners association. No such vote was taken and no such document exists indicating the binding of Allyson Acres to Lakemont Shores POA. In my opinion the Allyson Acres Sub. have been paying illegal fees to Lakemont Shores since 1977.

In my opinion a fraud of immense proportions has been perpetrated against the Allyson Acres Subdivisions from the removal of the subdivisions name to each property that has been filed under the Lakemont Shores POA name and every abstract that has been prepared for property owners.

Affadavit of Robert L. Studebaker

The Affadavit of Robert L. Studebaker signed Dec. 4, 1975 and filed Dec. 9, 1975 at 1:31 P.M. recorded in Book 341 pages 3 & 4 Delaware Co. Oklahoma.

Robert L. Studebaker owned Allyson Acres WonderLand for approximately 10 years 10 months.

Studebaker land ownership

The first mention of Robert L. Studebaker began on Feb. 17, 1964 with a Jack E. Murray. Filed Feb. 18, 1964 at 1:45 P.M. Book 241 at page 32 Delaware Co. Oklahoma.

Allyson Acres, How did we get here!

In my opinion it has been an attempt to mislead the Allyson Acres property owners from the beginning. This was done with the filing of the Declaration of Covenants and Restrictions on Jan. 13, 1977 by Southwest Investment Company. The Allyson Acres property owners did not belong to any home owners association. They bought their property from a land company who owned the subdivision and filed with the government appropriate documents for the 15 subdivisions. They also waived the annual fees for the East and West subdivisions. I know for a fact that there is different billings for property owners in the East and West subdivisions some paying nothing to others paying $24.00 or $120.00 for the same services, nothing. Property owners who knew their property rights and stood up to LSPOA or property owners who had an attorney read their abstracts and write a letter to the LSPOA at the property owners expense, were able to maintain their property rights. The reason the development is in the state that it is in, is because of the illegality of the LSPOA. Property owners should review their Restrictive Covenants and if they do not understand it take it to their attorney for a title opinion. Then have your attorney write a letter threatening them with legal action if they don't stop the illegal billing.

Allyson Acres Subdivisions Fees

In both the property report and CC&r's a fee of $24.00 annually was to be paid to the developer to be used for Beautification and Road upkeep. In the property report it states some of the money may be used for facility upkeep. When Studebaker Land Co. defaulted Southwest Investment Co. assumed ownership and proceeded to raise fees and made the land company a POA! No vote by the Allyson Acres property owners was ever taken. The property rights of the Allyson Acres property owners have been subverted for thirty tw0 years. In lieu of the $24.00 annual fee we are being charged $120.00 anually and $72.00 for standby water availability. That is a total of $192.00 in overcharges per lot annually. If you run the numbers out 192 x 1501 x 32 = $9.2 million in overcharges, that is if all the lots were sold!!!!!!!!! You can see we could own Lakemont if we had a GOOD attorney