Torrance condo owners hit with $49K HOA fee; Tips for California HOA members on financial protection

A Torrance condominium owner says he was shocked to learn he would be charged more than $49,000 as part of a special assessment approved by his homeowners’ association, a fee being levied on all owners in the 499-unit complex.

Stephen Wang said the assessment stems from a series of major repair projects at the property.

“I was shocked, as most of the residents here are,” Wang said…

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