Monday, January 23, 2012

Homeowners association pursues extreme option — foreclosure — against Korean War vet

A measly $338.91.

That's how much Sherman McCray owed his homeowner association when the board of directors foreclosed on his Clermont house.

Of course, the debt wasn't just $338.91 by the time a Lake County judge on Jan. 3 ordered the 81-year-old Korean War veteran's home sold.

Oh, no. Between 2010 when McCray failed to pay a homeowners assessment and that final hearing, the all-powerful homeowner association in the Vistas subdivision had levied late fees, costs and interest, and it had busied itself running up absurd lawyer bills by sending threatening letters at every turn.

Total cost now: $4,272.24.

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