Barker Martin

Condo-HOA Blog - Developer Abandonment

HOAs Experiencing Underfunded Finances

Developer abandonment is likely to become a serious issue in the coming year for many homeowner association communities. Partially completed subdivisions and newer communities more prone to home foreclosures are the ones most likely to suffer, experts say. . . Homeowners in neighborhoods with underfunded HOAs have seen their association fees increase at the same time amenities and services are being reduced or eliminated. read more

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