HOA sells family's home over $2K debt | The Compost Bin | Forums

Homeowner Katelyn Annis says it’s not fair.

“It's not their home, this is our home.”

Annis, her husband and children will be kicked out of their house in a matter of days.

The Waters Edge Homeowners Association foreclosed and sold the family’s home at an auction to collect $1,900 in overdue fees, plus a few thousand dollars in legal costs.

Annis claims they were never told about the auction.

“I feel so let down by the HOA, by our neighbors, by the board,” she said.

She and her husband knew the association filed a lien to collect two-year-old association dues, but after losing their jobs, Annis said they had to delay paying.

“Literally, it was either my power bill or the HOA and my power for my children comes first, “said Annis.

They owned the home outright, there was no mortgage but it sold cheap. That's because the assessed value of the home is far greater, a suggested selling price could be $300,000.

But at auction, investors paid just $175,000.

After the HOA collects its lien, the couple will recover $170,000. That’s far less than its value, so they lost a home and nearly $100,000 to cover a $5,000 lien.

more http://www.wftv.com/.....000/np7pW/