As an HOA Board member you may be faced with the task of having to make the decision to foreclose on homes in your association. We’ve all been challenged by the financial climate these last few years and it is going to take some time to bounce back. Therefore, HOA foreclosures are inevitable.
Do the members of your homeowners association know their HOA fees are determined by the budget not HOA board members trying to be bullies? When budget season rolls around you might be sensing your homeowners in a small panic wondering if their HOA fees are going to be raised.