State lawmakers take steps to limit HOA foreclosures, equity loss after Colorado Sun investigation ...Middle East

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State lawmakers take steps to limit HOA foreclosures, equity loss after Colorado Sun investigation
A pair of bills advancing through the Colorado legislature this year would make it harder for homeowners associations to foreclose on their members for unpaid assessments, while giving property owners a better shot at walking away with some of their equity should they lose their homes.  The measures are aimed in part at making good on a promise from the governor and lawmakers to change the state’s HOA laws after a Colorado Sun investigation published in August revealed that Colorado HOAs had filed roughly 3,000 foreclosure cases since 2018, more than 250 of which — or roughly 8% — resulted in properties being auctioned off, most for well below market value. At least 100 of the

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