Two recent Wall Street Journal articles highlight a growing problem for homeowners associations and condominium associations. One reports that Fannie Mae and Freddie Mac are tightening reserve expectations for condominium projects. The other reports a significant increase in HOA-related foreclosure filings as Associations face rising expenses and more owner delinquencies. Those may sound like different stories. They are really parts of the same problem. Association expenses are increasing, while homeowners are increasingly concerned about how much they are being asked to pay. The Cost of Running a Community Is Going Up Insurance is one obvious example. The Wall Street Journal … Continue reading →