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Real Estate & Property Law

: The Home Equity Theft Reporter

HOA Passes $75K Per Unit Special Assessment; Homeowners Respond With Lawsuit

By r morris

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In Torrance, California, The Daily Breeze reports on an area condominium association that has levied a $75,000 special assessment on each of around 180 homeowners to pay for a $13.5 million exterior renovation project that more than a few of the homeowners are finding unaffordable. Reportedly, more than 20 of them expressed their objections to being hit up in such a manner by banding together in

Full post as published by The Home Equity Theft Reporter on December 25, 2008 (boomark / email).

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