Quote:
Originally Posted by GH85Carrera
OK, I understand you are joking about it.
The HOA has no recourse, except to get the fees upon the selling of the property. One of my other friends was a real estate agent. He talked about a case where a home owner refused to pay the HOA for many years. Upon his eventual death, and then the kids selling the house, the HOA had a large (10s of thousands) lien on the property. All the former owner succeed in doing is reduce the inheritance of his kids by a lot.
|
The HOA has a lot of recourse to recover delinquent dues.
It can foreclose on its lien any time it wants.
That’s huge recourse. A house can be foreclosed on for a $100 delinquent payment. The owner has a choice: Pay the delinquency or lose the house in foreclosure.
Either way, the association gets paid.