Homeowners Face Foreclosure After Developer-Run HOA Raised Monthly Fees to $2.5K

Real Estate News · October 29, 2026 · Source: Realtor.com · By Anna D'Amico · 4 min read at the source

Stone and wood community entrance sign for Magnolia Cove standing at the entrance to a quiet neighborhood street

After facing a number of increases in recent years, homeowners will now see their monthly fee increase from $1,225 to $2,500 on Jan. 1.

Reported by Anna D'Amico for Realtor.com (Trends), originally published October 29, 2026.

Read the full article on Realtor.com

Topics: Trends, Foreclosure, HOA Fees, North Carolina

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