Liens

6
Jun

To Lien or Not to Lien

Aggressive Pursuit of Delinquent Assessments is Critical for the Fiscal Health of Your Association Associations are non-profit corporations that rely on zero-sum budgets for operational and reserve expenses. In other words, an Association’s annual budget does not account for an income margin like “for-profit” corporations. As such, it is imperative that projected assessment revenue is received in a timely manner

Read more

17
Sep

Associations Have Right to File Lien

I was contacted by my mortgage company that my homeowners association filed a lien on my house for outstanding assessments. I never even received a notice from the HOA! Admittedly, I fell behind on my HOA assessments after I was laid off from my job, but is it legal for the HOA to lien my house? Wouldn’t there be a

Read more

28
Mar

Can HOAs just lock out homeowners from the pool?

Dr. HOA, Last weekend, I tried to take my kids to our community pool, but our card readers did not work. I called our management company, and it told me that our card readers were turned off due to delinquent dues and fines for breaking the rules. I am a few months behind on my dues, but I am working

Read more

9
Nov

HOAs, members have options for settling debts

Dr. HOA, I have been responsible for paying the HOA dues on my mother’s condo and, admittedly, I fell behind. She called last night and said she received two certified letters in the mail threatening foreclosure. The management company is saying if I don’t bring $3,200 dollars to them by the end of the year, they will foreclose on the

Read more

20
Sep

My homeowners association can’t do that, can it?

Dr. HOA, I received a correspondence from my mortgage company that my homeowners association filed a lien on my property for outstanding assessments. I never received notice from my association. Admittedly, I fell behind on my HOA assessments due to tough financial times when I lost my job, but is it legal for the association to lien my house? What

Read more