Dozens of homeowners in one Colorado neighborhood are facing foreclosure due to homeowners association-related fines and fees.
Dozens of homeowners, all in the same neighborhood, are facing foreclosure due to homeowners association-related fees and fines.
Fisher said her office has been contacted multiple times by concerned homeowners who didn't know HOA’s had the power to foreclose on homes. “They were issuing a lot of fines for anything… the grass, leaving the trash can out, a lot of fines, $50 or $100. They went all the way up to $8,000. The last time I checked, it was $10,000 in fines,” Villela said.
Villela said her family paid their mortgage on time for nearly two decades and her mortgage company is investigating the foreclosure.
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