SignOnSanDiego.com > News > Metro -- Homeowners associations hit by foreclosure fallout
No surprise here. If you can't pay the mortgage, certainly you can't pay the HOA. Put the whole picture together and it isn't pretty: mortgage defaults and foreclosures; builder bankruptcies that leave HOAs and owners stuck with no reserves and a pile of mechanics leins; HOAs needing to specially assess owners for major repairs (see below); lenders going out business; and municipalities faced with increasing demands and lacking the funds to meet them. Where will all this lead?

San Diego County's mushrooming number of foreclosures is starting to hobble homeowners associations large and small as cash-strapped owners cease paying their monthly dues.