An Arizona man lost the home he bought for nearly half a million dollars after falling just $977 behind on homeowners association fees — with the property ultimately selling back to the HOA for a mere $8,172.
Toby Newton purchased the four-bedroom Mesa home for $475,000 in 2022, but ran into financial trouble two years later after losing his job and being diagnosed with diabetes, according to the Mesa Tribune.
Newton fell behind on his quarterly HOA assessments, which were around $170, eventually owing $977 in fees and interest.
“I bought the house and then I got sick,” Newton told the outlet. “I got diabetes and I was out of work.”
