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Showing posts from August, 2018

Can an HOA Really Foreclose On My House?

CAN AN HOA REALLY FORECLOSE ON MY HOUSE? CURIOUS TO KNOW WHAT YOUR HOUSE MIGHT SALE FOR IN THE CURRENT MARKET?  Click here to get your free/instant/no obligation valuation. We recently had an urgent call from a lender friend of ours who had been working with a client/friend of theirs who had just recently found out that their HOA had started foreclosure proceedings on their property.  My first thought was, “Can an HOA foreclose?”.  So I decided that I would do a little more research on the matter.  The short answer – Yes, an HOA can foreclose on a house.  According to an article posted on Nolo.com, “If you live in a house, condo, or townhome that is part of a common interest community, you are responsible for paying dues and assessments to the homeowners’ association (HOA) or condominium association (COA). If you don’t pay, in most cases the HOA or COA can get a lien on your property that could lead to a foreclosure.” When a homeowner falls behind on paying their HOA fee