Californai legislators are seeking to limit the too-often abused power of homeowners associations to seize properties without going to court.
"Alarmed by horror stories, state lawmakers are rushing to resolve a long-standing complaint about homeowners associations: the power that they have to seize properties without going to court... By law, associations are entitled to foreclose on the homes of members who fail to pay their dues. Though most residents pay their bills before their houses are actually sold, thousands have lost their homes, sometimes over disputes involving a few hundred dollars... But the Assembly and the Senate, responding to recent high-profile cases, are considering two bills this year that would limit homeowners associations' nonjudiciary foreclosure powers."
Thanks to Chris Steins
FULL STORY: Homeowner Groups' Power to Foreclose Is Under Attack
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