HOA foreclosures rise nearly 40% in two years as associations face cost pressures

Homeowners associations are increasingly pursuing foreclosures against residents with unpaid dues, with filings up nearly 40% in the first quarter compared to two years prior, according to Attom data. The trend is driven by rising operational costs for HOAs, including insurance, maintenance, and new safety mandates. Tighter budgets are giving associations less flexibility to allow missed payments, leading to more aggressive collection actions.