Money: HOA delinquencies on the rise | association, hoa, foreclosures, hoas, aliso - OCRegister.com: "The Laguna Hills condo complex had at least 23 foreclosures in the past six months, resulting in months of unpaid homeowner association dues.
Now, Aliso Meadows is so short on cash that it has deferred roof and termite repairs, can't fix rotten wood siding and must wait to fix potholes 'big enough for your families to make Jacuzzi's of,' association officials said."
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Many associations are getting hit hard by the foreclosure meltdown. Banks aren't paying assessments on their REO CID units. Do you think they are going to start paying now, in the middle of a financial crisis? Harder times are coming, it seems.
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