Power of homeowner groups to foreclose over small sums targeted

April 10, 2005

By Emmet Pierce
Copyright San Diego Union Tribune

Residents are legally obligated to abide by their organization's rules and regulations. And they must pay monthly fees if they don't want to expose their homes to possible foreclosure. Concern about foreclosure abuses has made homeowner associations "a soft target" for critics, said McKenzie, who teaches political science at the University of Illinois at Chicago. "Associations need the power to foreclose. The problem is, in many cases foreclosures are unnecessary."

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