"When the San Tan Heights Homeowners Association switched from developer control to homeowner-elected leaders in August, its new board members and management company learned that the HOA was practically DOA.
Its problems included nearly $1.6 million in unpaid dues that the previous HOA board in the Queen Creek-area community had made no effort to collect.
The biggest individual delinquencies belong to bankrupt home builders."
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Unfinished subdivisions stuck with underfunded HOAs
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