More On The Squeezing Of Homeowner / Condo Associations By Bank Foreclosures

The following links are to recent stories on homeowner & condo associations that are taking big hits in terms of uncollected maintenance payments due to unit owners facing bank foreclosures:

• Providence, Rhode Island: ‘Nightmare’ condo fees after foreclosure,
• Detroit, Michigan: Condo owners finding a cash crunch (Homeowner associations get creative to keep up services) (if link expires, try here),
• Southern California: Foreclosures hitting homeowners associations hard financially,
• Frederick, Maryland: HOAs squeezed by housing downturn (Delinquent fees, foreclosures add to burden on remaining residents); and HOAs in quandary with homes (Spike in foreclosures leaves weeds, eyesores for neighbors).