This is essentially what happened to us. Although I was against joining the HOA at first, I found out it wasn’t illegal at the time to force us into an HOA, it is against the law now. Eventually we all hoped the developers knew what they were doing. I always thought of it as Stockholm Syndrome or to avoid further injury, cooperating.
My lawyer was the one who established the illegality in the Dreamland appellate court decision.
There was never a forensic account by National Bank of Arizona into their $35-million loss from the first majority lot owners.