HOAs foreclosing on hundreds of Phoenix-area homeowners for as little as $1,200 (AZ)

Homeowners associations, the enforcers of neighborhood paint colors, holiday decorations and trash bins, are leading the latest surge in Phoenix-area foreclosures.  HOAs are foreclosing on a record number of homeowners for as little as $1,200 in missed maintenance payments, according to an Arizona Republic investigation. And homeowners who thought only their mortgage lender could seize property are losing their houses at Sheriff’s auctions, sometimes for just $100 more than they owe.    Read the article……………


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