Recession brings unpaid housing association fees

Homeowners associations all over Oregon are being forced to sue members for unpaid association fees, brought on by the down economy.

Homeowners associations all over Oregon are being forced to sue members for unpaid association fees, brought on by the down economy.

[The Fairview Terrace Homeowners Association] has increased its monthly HOA dues from $175 to $260. Yet it's not been nearly enough to cover the shortfall, which now exceeds $180,000. [President Leland] Jaquay's association, like many others, has chosen to file collections lawsuits against its own members and former members.

HOA dues hit a growing number of Oregonians as they moved into condos and townhomes and other planned communities. Nationally, just over 2 million people lived in communities governed by homeowner associations in 1970. By 2010, the number was 62 million.

Read more at OregonLive.com.

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Last modified onMonday, 19 October 2015 11:39

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