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HOA dues pay for the shared parts of your property. Of course they can seize your house if you don't pay for it. It's when they try to seize your house over no
by all_blue_chucks 7y ago
HOA dues pay for the shared parts of your property. Of course they can seize your house if you don't pay for it.
It's when they try to seize your house over nonsense like minor rule infraction that they become awful.
- matwood 7y agoHOAs can't seize anyone's house. They actually have very little power to collect. A lien doesn't mean much until the person goes to sell, and then it just has to be paid prior to a sale.
- toomuchtodo 7y agoThe last home I had that was part of an HOA, they had the right to evict and rent your home out to recoup any fines and penalties (Illinois). They could also foreclose on the property.
- matwood 7y agoThe most I have seen an HOA able to do is foreclose for extreme late payment. By then the bank is typically foreclosing so it's cheaper for the HOA to wait. Plus, the HOA doesn't want foreclosures in the neighborhood as it brings down property values. It's just easier to wait for the homeowner to sell on their own. An eviction from a property where the HOA is not the owner (typical detached SFH) is not something I have seen. It also wouldn't make a lot of sense because 1 month of rent in my neighborhood would cover years of HOA dues. A shared condo environment is different because what is owned by the owner and the community is more intermingled.
- deleted 7y ago[deleted]