One of the more common questions is what happens if you don’t pay HOA fees. HOAs have the authority to enforce the collection of HOA charges to ensure the association’s financial stability and maintain the community’s services and amenities. Non-payment of HOA costs can have consequences,...
A homeowners' association (HOA) is a nonprofit organization that’s set up to help run, manage, and maintain a neighborhood, building, or another collective of homes. People who belong to an HOA pay annual or monthly dues which the HOA uses to maintain shared spaces and carry out other as...
Homeowners Association.If the property is governed by a Homeowners Association (HOA), this is the place to disclose that. Include information such as where to access HOA bylaws, insurance requirements and HOA dues. Water damage.If the property’s basement only floods in the spring but the purch...
What Happens When a Lien Is Put On Your House? When a creditor attaches a lien against your house, it secures your home as collateral. But at that stage, nothing happens per se. That lienholder simply has a legal claim to force the sale of your home if you fail to pay them as agre...
Paying $3,500 a month puts you in an above-average price range in many cities across the U.S. As spring breezes in, more and more people will pour into the housing market trying to find their own little piece of paradise. These buyers will juggle budget and lifestyle priorities, ...
Of particular note: the building elevator is accessed via a security keyfob, and for the penthouse it opens *directly* into the condo like you’re Bruce Effing Wayne. Woo-hoo! 😁 The only downsides were the $350K price, and the $250/month HOA dues, both high for Ecuador. But a ...
This is one of many examples as to why I'm so bullish on America. It doesn't matter what mistakes you've made or who you are, you can always come back. Nothing Happens If You Decide To Keep Paying Your Mortgage If you decide to keep paying your mortgage, then usually life goes on...
A homeowners' association (HOA) is usually a not-for-profit organization established by a community that governs rules regarding what can and cannot occur in homes, and also determines the rules and money spent on shared property. Many condominium andtownhousesavailable for purchase are part of ...
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The HOA’s board is usually responsible for the organization’s finances and it oversees the collection and management of funds. Along with setting dues and assessments, the board can slap fines on homeowners who break the rules or damage the common areas. HOAs can also place alienon a prope...