An historical review on HOA foreclosures Charleston County, South Carolina looking back nearly two decades. The bottom graph shows the collateral damage the residential real estate meltdown and subsequent recession had on HOA assessments. And this is just a single county in a single state. Imagine what it would look like if all of Privatopia were included.
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Homeowners associations in Charleston County have filed hundreds of foreclosures during the past two decades for unpaid dues, meanwhile no government regulates the foreclosure process used by associations. |
2 comments:
> Imagine what it would look like
> if all of Privatopia were included.
What would really be interesting would be a comparison to foreclosure for unpaid taxes.
I think it would prove the Republican and Libertarian belief that private corporations are much more efficient than governments...
...at oppressing homeowners and stealing their property.
That would be an interesting comparison. I also suspect the amount of the unpaid debt would be much higher in a tax assessor foreclosure action.
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