HOA Fees: Can You Slap a Fee on Homebuyers Who Purchase a Foreclosure in Your Homeowners Association?


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HOA Fees: Can You Slap a Fee on Homebuyers Who Purchase a Foreclosure in Your Homeowners Association?

The Stonybrook East and West Homeowners Association in Winter Garden, Fla., is now assessing a $4,000 fee on homebuyers who purchase a home in the association that's been in foreclosure for a year or more, according to WFTV.com in Orlando. The reported goal is to rebuild the association's finances and push lenders to foreclose in a quicker time frame. Can you do the same thing? Is it even a good idea? . . . (to read the remainder of this article, please log in below.)

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