In Green Valley Ranch, Denver, a single mother along with her four children is currently embroiled in a dispute over their home. The Homeowners Association (HOA) sold their property due to unpaid fees, despite the mother’s claim that she never missed a mortgage payment. To add insult to injury, she was not even aware that the HOA had the authority to sell her home for minor infringements. In 2005, the unit was bought for over $180,000, but in a shocking turn of events, it was sold for a mere $25,000 to a real estate agent a year and a half ago. This controversial move has understandably drawn criticism from community leaders.
Following the transaction, the family received permission to remain in the house as tenants under the new owner. Later on, the owner proposed to sell the property to them for a sum of $28,000. The community made a genuine effort to gather the necessary funds to reclaim the house, but the owner declined to negotiate. The passing of a regulatory bill focused on HOA operations provided a glimmer of hope last year. However, more measures are necessary, specifically in terms of monitoring Colorado’s special district operations. As homeowners affected by such practices fight for their rights to property ownership, they look forward to more robust safeguards.
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