Friday, February 10, 2006

Charlotte Observer | 02/10/2006 | Trickle-down tactic: No dues? No water
Nancy Levy sent this link to a story about a dramatic showdown between a condo association and two owners. The association decided that cutting off the water supply was more humane than foreclosure. Oh..and also cheaper and faster.
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In a move that is apparently a first for North Carolina, a condominium association on Thursday cut off water to two south Charlotte homeowners who were thousands of dollars behind in paying their homeowners' dues. The Princeton at Southampton owners association, which controls the development's master water meter and pays the neighborhood's water bill, decided a shutoff was preferable to the traditional approach of taking someone's home through foreclosure, said association president Michael Kan.
So it hired a plumber to sever lines that deliver water to the Ballantyne-area townhomes.
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