Keep Your HOA Financially Sound

March 18, 2010 by Lee Davenport

With the uptick of distressed homeowners, many home owner associations are feeling the stress of not collecting enough funds to pay for the shared real estate properties of the community. This is particularly heinous in condo real estate communities that share water and other utilities meaning that the default of other owners could actually jeopardize your home. So what is an HOA to do?