Rising home insurance rates are also driving up the monthly dues charged by homeowner associations, or HOAs. The jumps in dues come as people are faced with higher property taxes and an overall tight housing market.
Homeowners who can’t pay the higher dues as well as any special assessments HOAs levy to handle deferred maintenance and needed updates leave people vulnerable to having liens imposed on their property or foreclosed on.
Reporter Judith Kohler would like to talk to people who have experienced big increases in their HOA dues and other fees.
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Originally Published: July 17, 2024 at 6:00 a.m.