HOA troubles pitting neighbor vs. neighbor | CharlotteObserver.com & The Charlotte Observer Newspaper
Of the nation's 300,000 homeowners' associations, more than 50 percent now face "serious financial problems," according to a September survey by the Community Association Institute trade group. An October survey found 65 percent of associations have delinquency rates of more than 5 percent, up from 19 percent in 2005.
Read more: http://www.charlotteobserver.com/2011/07/28/2485901/hoa-troubles-pitting-neighbor.html#ixzz1TPbeuHS3
A shorter version of Michelle Conlin's AP article from a few weeks ago--thanks to Shu Bartholomew for the link.