Homeowner's Associations Raising Fees

Due To Foreclosures

Article and Video Courtesy of 

WFTV Channel 9 -- ABC

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 ORLANDO -- Daytona Beach

 Published January 4, 2008


Central Florida homeowners living in areas with high numbers of foreclosures may soon pay a hefty price for the slumping housing market.

Many communities are making homeowners pay special assessments once or twice a year while others are increasing homeowner's association fees to cover regular expenses. The Phillips Landing subdivision in Dr. Phillips is raising HOA fees by about 15-percent.

But some homeowners said it's unfair to force them to foot the bill.

"They are always going to go up, go up, but I think it's unfair to have to pay for somebody else's mistakes," said Mike Wuinones, a homeowner.

Some communities in Central Florida have increased fees 25-percent this year since owners of foreclosed properties aren't paying up.