Wednesday, March 25, 2009

Homeowners association fees on the rise

Homeowners association fees on the rise: "TAMPA - Some homeowners in the Tampa Bay area are being forced to pay for their neighbors.

Already struggling to pay mortgages, they also have to pick up the slack in association fees. The boards of many homeowners and condo associations are increasing membership fees, in order to make up for dollars lost by homeowners delinquent in paying their dues.

Rampart Properties in Tampa is one of many management groups facing this challenge. Vice President Kelly Moran says many communities are in crisis.

'Job loss, people losing their jobs, and the first thing they're not going to pay is an HOA or a condo fee,' Moran told FOX 13, describing the problem as widespread."

----------------
You bet it is widespread. And finally the press is getting the picture.

No comments: