HB22-1137 would drastically reduce HOA's influence on foreclosures by ridding of their ability to seek evictions over relatively minor infractions.
– As dozens of families in the Green Valley Ranch neighborhood face homelessness following foreclosures associated with their HOA, two lawmakers at the State Capitol have teamed up to try and limit the powers of homeowner’s associations. HB22-1137 would drastically reduce HOA’s influence on foreclosures by ridding of their ability to seek evictions over relatively minor infractions.
“We are fighting to make sure people are able to build generational wealth,” Ricks told CBS4’s Dillon Thomas. They can then move for a court to foreclose on the home due to failure to pay fines. A judge can order the home foreclosed, even if the homeowner never missed a single mortgage or HOA monthly due.
The bill would also require HOA’s to contact owners by more ways than just a single letter in the mail. HOA’s would have to send notices to owners through avenues like priority mail, email, phone call or text.
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