In some states, such as Texas, an HOA can foreclose to collect on a recorded lien for any amount of unpaid dues or penalties. In Georgia, there is a $2,000 threshold of unpaid dues, penalties and fees before an HOA can foreclose. While the common foreclosure method in Georgia is a no...
While it is not guaranteed, it is always smart to have a legal defense in hand. Nolo.comsays that, "The COA or HOA can usually get a lien on your home if you become delinquent in paying the assessments. After you default on the assessments, the COA or HOA may foreclose. Lien priorit...
(even if it has a mortgage). This doesn’t happen often, and the HOA will most likely do what they can to prevent it from happening. However, if a lien is placed against your home, you won’t be able to sell your property. The HOA could even potentially opt toforecloseon the lien...
So should a condominiumforecloseon a delinquent property? The answer is yes -but only after all other attempts to work it out with the owner have been deployed.Foreclosure is there, but nowadays there is a lot of equity in properties, and there is money to collect from that equity. For e...
I may consider buying a upstairs unit, but with only a carport, I would have to keep my Riverside house for the garage. It is all in the price and the HOA fees. NyceaneMarch 16, 2009 at 10:33 pm just wow… I think this house should go down to $200,000 and then it ...