An entire Florida homeowners association board quits after $60K special assessment dispute -- what happened [View all]
Homeowners in the Villas of Carillon townhome community of Feather Sound, Florida are trying to wrap their heads around a request from their homeowners association board for a $60,000 special assessment.
The homeowners received notice of the assessment in early June, which detailed how the HOA’s reserves had never been fully funded in its 20-year history, presenting the community with a “significant financial challenge moving forward.”
Each household was expected to shell out around $60,000, and a vote was set for June 20 to determine the exact payment plan.
“There will be a lot of people that lose their home, either they have to sell or they can't make these payments. They'll have a lien put on their house, foreclosures,” said Tammy Rodeffer, an owner, to WTSP at the time. “I'm concerned about the overall community.”
https://finance.yahoo.com/news/entire-florida-homeowners-association-board-100800168.html
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