Foreclosures Force Central Florida HOA To Double Maintenance Fees; Fail to Give Residents Ample Notice

In Orange County, Florida, WKMG-TV Channel 6 reports:

• The foreclosure crisis has forced a Central Florida homeowners association to double its rates to more than $1,200, causing neighborhood residents to research their legal options. About 20 percent of the properties in the Woodland Lakes Preserve neighborhood in east Orange County are in foreclosure, forcing the HOA to increase its rate by $662 to make up for the lost revenue.

• Several residents told Local 6 News that they found out about the rate increase on Thursday. The bill is due Dec. 1.

For the story, see HOA Doubles Rates Amid Foreclosures (Residents Billed Extra $662).