HUD proposes rule requiring lenders to escrow HOA and condo assessments
Here's the text of the proposed rule in .pdf format. Read it for yourself. This is potentially a major bombshell. Imagine there's no assessment collection lawyers...it's easy if you try...no assessment striking owners...no more listening to them cry...
Sorry...I was channelling John Lennon there for a minute. I'm fine now.

What does this mean? How about...that the federal government considers the assessment stream important enough to the public weal to require escrowing like property taxes? How does that square with the "HOAs are private" litany?