When can Homeowners Association foreclose?

When can Homeowners Association foreclose?

Can a Homeowners Associations foreclose when I have a mortgage?

It’s a question that I am asked frequently by borrowers and clients who have found themselves embroiled in a legal battle with their Homeowners Association (HOA) over unpaid dues, levies, and fines. Generally the answer is no, however a recent Nevada State Supreme Court ruling could change that and it could impact as many as 350,000 homeowners associations covering over 25 million homes in 20 states.

When can HOA's levy fees and fines?
When can HOA’s levy fees and fines?

Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183

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