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VOLUME 120 | ISSUE 32
WEEK OF AUGUST 24, 2023
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Polis calls for HOA law changes after Colorado Sun investigation BY JESSE PAUL THE COLORADO SUN
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Gov. Jared Polis and a group of four Democratic state legislators called for more changes to Colorado’s laws governing homeowners associations following a Colorado Sun investigation published this week revealing how scores of HOA-foreclosed properties have been sold at auction since 2018 for a fraction of their market value. The result is homeowners lose much — if not all — of the equity they’ve built, The Sun found. In a written statement, Polis said an HOA shouldn’t “drain a family or individual of their financial savings.” The governor’s office, in a news release citing The Sun’s reporting, said HOA foreclosures also exacerbate Colorado’s housing crisis. “These recent accounts are heartbreaking and deeply troubling,” the Democrat’s statement said. “I continue SEE LAW, P9
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