HOAs suffer during recession - Las Vegas Sun: "Foreclosures are taking a toll on some Las Vegas homeowner associations, some of which are closing pools and deferring maintenance as they deal with a drop in revenue.
The financial woes faced by the associations come as they are locked in legal and legislative battles with investors in foreclosed homes who complain they are overcharged for fines and fees by the associations and their collection agencies."
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Thanks to Fred Pilot for this link to another story about hard times in Privatopia.
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