18 Hrs
Source:
New York Post
HOAs face financial strain and increase foreclosures
American homeowners associations are facing financial difficulties due to rising insurance costs, safety upgrades, and depleted reserve funds. As a result, HOAs are increasingly pursuing foreclosure on delinquent residents, with foreclosures rising nearly 40% in two years and liens filed in 2025 up about 9%. The financial strain has led to more aggressive collection practices, including skipping grace periods and transferring delinquent accounts to attorneys, ultimately affecting property values and residents' ability to resolve debts.
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