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HOAs squeezed when dues not paid
Owners’ hardship, state law and bank practices make it hard to collect
CHARLOTTE – While the housing market continues to recover, many homeowners associations are still feeling the consequences of the recession. Foreclosures are down, though there were still 2,328 bank-owned homes in the Charlotte-Gastonia-Concord metro area in September, according to RealtyTrac, with 54 percent of these bank-owned homes being owner occupied. But homeowners associations are still squeezed by ...