That’s true. Forgot about that. They’ll give the owners a “special” bill to bring everything current. Not a good sign of proper bookkeeping, but I imagine it must be somewhat common occurrence, especially now w/foreclosures and banks sitting on places empty. But wouldn’t the banks pay the HOAs? In any case, depending on how insolvent they are, it could get expensive. Definitely something to check into first.
I was just suprised about the listing, but those factors do explain the more unusual price drop.
