TENNESSEE – TN bill would pass foreclosure fees to neighborhoods
wsmv.com: TN bill would pass foreclosure fees to neighborhoods
Updated March 27, 2013
Reported by Dennis Ferrier
NASHVILLE, TN (WSMV) – Foreclosures have always been an ugly, heartbreaking business. But now, instead of just feeling sorry for people who have lost their homes, Tennesseans might soon be paying money for someone else’s foreclosure. More than 1 million people in the state live in homeowners’ associations, and the law says that for a house that has been foreclosed, any homeowner dues were paid for by the county or city that seized the property.
Now, a newly proposed bill would make Tennessee the first state in the country to give that bill to you and your neighbors instead. Read more: