Foreclosure Crisis Leaves HOA Dues Unpaid

Interesting news report on NPR (National Public Radio) on the effect that this financial crisis is having on community associations:

Homeowners associations across the country are being hit hard by the foreclosure crisis. Millions of dollars of monthly dues are going unpaid. Neighbors are left to pick up the tab – if they can.

Rachael Myrow reports. Listen to her 3.5 minute broadcast; it does not tell us anything we already do not know, but it is certainly interesting to see that the plight of community associations is not something that is being ignored.