LEHIGH ACRES, Fla. -- Rich Philhower knows the trouble a few vacant houses can bring a homeowners association.
President of Governor's Run I, a sub-association of Lehigh Acres' Westminster Golf Community, Philhower, 75, said his community is struggling to rebound from $18,000 in unpaid assessments from three homes over several years.
The debt puts him in a difficult spot: Does he forego some maintenance or raise assessments for remaining homeowners? Neither option is attractive.
"Then you've got people who are upset because you increase the fees," Philhower said.
Three years into the downturn, many associations find themselves in a similar position. Squeezed by foreclosures, they struggle while awaiting outcomes for cases that date back years.