In Texas some homeowners association boards have foreclosed on paid for $400,000 homes for failure to pay $1000 dues. They then sold the houses to speculators for a fraction of their worth. Then board remembers bought the houses back for just a little more. The Texas legislature won’t pass laws to stop this practice.
In Texas some homeowners association boards have foreclosed on paid for $400,000 homes for failure to pay $1000 dues. They then sold the houses to speculators for a fraction of their worth. Then board remembers bought the houses back for just a little more. The Texas legislature won’t pass laws to stop this practice.
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