Homeowners Associations Using Foreclosure as Weapon
November 9, 2009 by admin
Homeowners associations (HOAs) are now behaving much like banks, foreclosing on people who are down on their luck. The Gaston Gazette reports that Susan Smith will be foreclosed on by the Mountain View HOA in North Carolina. The publication says that, like many other homeowners, she has had trouble paying her HOA fees and is under threat of foreclosure as a result. This is the ugly. Clearly, Michael Moore was right in saying that capitalism doesn’t work. It tends to be parasitic. Read the Gaston Gazette’s article about the homeowners association…
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