See more of our coverage in your search results.

Homeowners in a North Carolina neighborhood say they could be forced out of their homes after their homeowners association doubled monthly fees to a staggering $2,500 — just months after residents were hit with another massive increase.

The latest hike in Magnolia Cove, a community in Sherrills Ford, means residents will now have to shell out $30,000 a year in HOA dues alone, on top of their mortgages, property taxes and other expenses.

The association voted Monday to raise monthly fees from $1,250 to $2,500, after initially proposing an eye-watering $7,500 monthly charge, according to local outlet WSOC-TV .

Homeowners in Magnolia Cove face soaring HOA fees that have reached $2,500 a month. trekandphoto – stock.adobe.com

For some homeowners, the increase has turned their dream of settling down into a financial nightmare.

Jill Menson and her husband bought their home believing it would be the last place they would ever live.…