Colorado bill would curb HOAs power to foreclose due to unpaid fees

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Colorado bill would curb HOAs power to foreclose due to unpaid fees
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A group of Colorado state lawmakers is proposing a bill that would require a homeowner’s association to take several steps before moving forward with a foreclosure-related to unpaid HOA fines and fees

AURORA, Colo. — A group of Colorado lawmakers is proposing a bill that would require a homeowner’s association to take several steps before moving forward with a foreclosure-related to unpaid HOA fines and fees.

“It just seems that right now, the law is so tilted towards HOA’s,” said Ricks. “We've been working with the property managers and a lobby group that kind of lobbies on behalf of HOA fees and they're also the bill collectors. So, I think we've been able to come to some agreement.” Topazz McBride, Greater Metro Denver Ministerial Alliance vice president of Social Justice, is one person who alerted Ricks to these types of foreclosures after a woman told McBride about an HOA taking her home.

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