Declining Home Sales Hurt Phoenix Arizona HOAs

With the declining market of home sales and many homes sitting vacant in communities in the Phoenix Arizona area, the HOAs are feeling a financial pinch. The Arizona Republic posted a new report about the issues confronting the HOAs in the area.

One troubling thought is if an HOA were to go bankrupt, there cannot be a title insurance policy issued by a title company, and therefore it would make it extremely difficult for a home to be bought or sold.

Visit our blog post on Benjamin.com for more info and a link to the full report.