Dozens of Foreclosures in Green Valley Ranch

There were multiple stories last week in the local media about the Green Valley Ranch Master HOA who filed 52 foreclosure cases against homeowners in 2021. This HOA approved 41 judicial foreclosures last year and has already approved 60 this year. WOW!!! I read that in a judicial foreclosure homeowners typically don’t lose their homes but they will have huge legal bills and fees to pay that may require them to refinance or sell their home. 

In 2010 the HOA voted to allow the Green Valley Ranch Metro District to manage the HOA and this metro district handles all covenant violations. These legal actions are expected to all be for code violations since the HOA dues are included in the property tax bill.

 In 2019 this HOA/Metro District collected over $600k in rule violation fines, $400k in 2020, and $350k in violation fines last year. I am astounded by these numbers! I have looked at hundreds of HOA budgets and most of them show code violation income of maybe $2000 to $5000 a year. This is 100 times more!!! Just another reason to hate metro districts.