An Arizona homeowner battling serious financial and medical setbacks lost a house he purchased for roughly $475,000 after falling behind by less than $1,000 on homeowners association assessments.
Then came another stunning development: the HOA itself acquired the property at a sheriff’s auction for just $8,172.
The extraordinary case involving Mesa homeowner Toby Newton is drawing fresh attention to the enormous power homeowners associations can wield when residents fall behind on assessments.
