HOA and Condo Associations are feeling the pinch from the economic down turn. Many homeowner and condo associations are running into issues collecting dues from some of its members. The homeowner may no longer be able to afford their monthly dues or are not willing to pay. They just turned in the keys, moved and can’t even be found.

The homeowners association may have to raise the association fees for dues paying residents, lower expenses or cut in services to replace the missing revenue. Some associations have even gone bankrupt.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.