Developer-controlled HOA in North Carolina raises dues sharply, owners fear foreclosure
Originally published: October 29, 2026
Summary added November 1, 2026
Summary
Realtor.com, citing reporting by WSOC, says homeowners in the Magnolia Cove subdivision in Catawba County, North Carolina are alarmed after their developer-controlled HOA voted to raise assessments sharply effective January 1, 2027. Residents told WSOC that dues in the roughly 80-home community were $158 a month a few years ago and have climbed in several steps since. An association email quoted in the story attributes the increase mainly to legal and collection costs from unpaid owner accounts. Residents said they worry about liens, bankruptcy, and foreclosure, and county records show at least one home in the community facing foreclosure, though the story notes it isn't confirmed that it is tied to the assessments.
Why it matters for Texas boards
The story shows how collection and legal costs can snowball. In Texas, Chapter 209 limits HOA foreclosure, requires payment-plan options for most associations, and sets notice rules before collection fees can be charged to owners.
Related on this site: Texas hoa condo law/#foreclosure · Texas hoa condo law/#collections
This is an independent summary written by Texas HOA Board Resources. All reporting credit belongs to Realtor.com. Facts are as reported by the source on the date shown.