The notice landed in Beth Hayden’s inbox in May, and it changed her whole year. Her homeowners association told her she owed a $7,000 special assessment because every building in the Peachwood community in Aurora, Colorado, needed a new roof and the association did not have enough cash to cover its insurance deductible. The story comes from The Denver Post.
“I don’t have that money nor will I ever have that amount,” Hayden recalled thinking. “Who the heck has $7,000?”
“I’m Hoping The Lord Will Do His Part”
Hayden, 62, has lived in her Peachwood townhome since 2001. She retired early because of ongoing health problems and manages her finances on a strict budget.
She pays her mortgage, her $330 monthly HOA dues and her utility bills on time, but she does not have much left at the end of the month. The assessment will likely force her to sell and move to Indiana to live with her brother…