"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 priority determines what happens to other liens, like a mortgage, if a COA or HOA lien is foreclosed." Canva...
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...
(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...
would like him to move, then do you put out the fire in his house when it happens. On one hand, this may very well get rid of him, but his house is close to yours and if you do not put it out while you can, it may become too large and burn your home down in the ...