Only about 25 percent of homeowners purchase a property in a development, that has a homeowners association, or HOA. Now all home ownership has issues, but HOA's have unique operational, legal and financial issues that buyers must consider and perform their due diligence when purchasing in a common interest development. It's ultimately the buyers choice, but many people won't even consider purchasing in an HOA these days because of the many horror stories associated with this type of home ownership. 
I read about some of those HOA horror stories in a great article and wanted to share them with you. 

Click this link to read this article on Home Owner Association Horrors:

http://realestate.aol.com/blog/2013/09/10/avoiding-hoa-contract-problems/

Originally written and posted by: 

By Leonard Baron

By Zillow   | Posted Sep 10th 2013 9:00AM