HOA fees skyrocket from $350 to $1,250 for shocked North Carolina homeowners. Pr

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A North Carolina community is pushing back after homeowners say they were hit with a massive increase in homeowners association (HOA) fees that many say they simply can't afford.

Residents of the Magnolia Cove subdivision in Sherrills Ford told WSOC-TV (1) that their monthly HOA dues are increasing from $350 to $1,250. On top of that, homeowners are also facing a $10,000 special assessment.

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"I spend nights crying because this is just ruining my life," homeowner Jill Menson said. "Not what we signed up for."

The fee increase is the latest chapter in a years-long dispute with the HOA and the neighborhood's developer, Aaron Guess, of Story Homes (2).

In 2022, several homeowners told WCNC Charl

Fuente original: Yahoo Finance (https://finance.yahoo.com/real-estate/articles/hoa-fees-skyrocket-350-1-114500505.html)