Homeowner dues costs rise

| | Comments (0) |

Foreclosures have already pushed record numbers of homeowners into apartments, leaving a trail of brown lawns, overgrown hedges and cracked paint in suburbs from Palmdale to Pacoima.Jerry Berrios in the Daily News.

Now, homeowners associations are feeling the pain of the bursting housing bubble, dealing with a huge spike in delinquent monthly fee payments that keep pools warm, gates painted and flowers potted.

In some cases, foreclosures at condominium and town-house complexes have left fewer association members to cover operating budgets. In others, homeowners struggling to avoid foreclosure have simply decided they can't afford the association fees.

Leave a comment

About The
Sausage Factory

    
The Los Angeles Daily News' City Hall reporters Rick Orlov and Kerry Cavanaugh write about politics on the local, state and national stage.

About this Entry

This page contains a single entry by Rick Orlov published on May 25, 2008 5:40 AM.

Trafficking in special events was the previous entry in this blog.

Romney buys California home is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Recent Comments

Powered by Movable Type 4.1