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There are still many American citizens who have remained current on their mortgages but today they are running another type of risk. The foreclosed neighbours are forcing others to toe the same line due to a chain of circumstances. They have allowed their dues to homeowner’s associations to pile up.
Many residential house owners are waking up to the fact that the associations overseeing protection of the locality, mowing of gardens, planting of flowers and cleaning up of common swimming pools have the right to foreclose if dues are not paid. It is signed in the purchase agreement.
One of the victims is Lacey Pilat who lost her job of catering to luxury corporate parties. She nearly surrendered her two storey house in Dallas to foreclosure. Her husband Steve Pilat said, “Basically, our landscaper was foreclosing on the house,” said Steve Pilat, her husband. “That’s the way we looked at it.”
These types of foreclosures are not personal with one group taking up arms against another. Many of the associations have handed over the task of collecting dues from the members to outside professionals. For them business is impersonal. Dues have to be collected. The associations defend their measures that all the value of the entire locality is kept at level. Andrew Schlegel of Merit Property Management said his firm supervises over 140,000 houses in California under the umbrella of respective associations. He said, “We have compassion for those folks. At the same time, we feel for the rest of the homeowners who are paying their dues.”
As per the laws of California the associations can proceed with the foreclosure step only after 12 months has lapsed or the backlog of dues amounts to $1,800. Schlegel explained, “No one wants to do this. It’s only coming up when people are completely obstinate about it.”
Generally dues are paid and most of the people manage to save their houses. Home associations are faced with the problem of dwindling subscriptions when foreclosed members move out. Then they have to reach some sort of understanding with those who are left to increase their dues and keep things running. The Pilats were caught in this situation.
No proper statistics is available about the number of associations in trouble across the country. In Texas the attempts by associations to foreclose and realize dues in 19 counties have increased by 30% according to the findings to Foreclosure Listing Services based in Dallas.
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