Reported 12 days ago
Residents at the First Creek Farm condominium complex in Aurora, Colorado, face an unexpected $8,341 special assessment due to $4 million in damages caused by a severe hailstorm last year. This fee is necessary to cover a substantial insurance deductible after the building's regular homeowners association (HOA) dues fell short. Although residents are legally required to pay these assessments, options may exist for those who cannot afford them, such as negotiating payment plans or seeking to improve HOA financial management.
Source: YAHOO