HOA Tacking On $4,000 Fee To Sold Homes - News Story - WFTV Orlando: "ORANGE COUNTY, Fla. -- An Orange County homeowners' association (HOA) is taking some drastic measures to make up its financial shortfall. The HOA at Stoneybrook East and West is tacking on a new $4,000 fee for foreclosed homes sold in the subdivision."
The stated rationale: "Jim Gustino represents Stoneybrook's HOA and he says there has always been a $1,000 fee, but they upped it $3,000 to recoup losses and get the bank's attention. "Try to spur the banks to complete foreclosures in a reasonable period of time. Properties neglected that are a blight to the community bring in families who pay dues," Gustino said."