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I agree that being actively involved is essential while not a guarantee to keep the HOA board "in line." I often joke that I live in Del Boca Vista because of the HOA board resemblance and some of the brainless decisions/rules.
However, ultimately, I do believe having the HOA is a general asset to our community.
Looks like you are wanting sympathy from those unfamiliar with HOAs and obligations? I am sure you knew when HOA dues are due. Seems that you are looking for some bogus technicality to get out of your obligation. For the person that mentioned that the HOA could forclose, they can't. They can put liens on homes but that is it. A HOA will only put a lien on one's property after fruitless attempts have been made to collect a debt. HOAs are regulated and must comply with state rules. Also, a HOA should make it a point to ensure a good relationship between homeowners and the organization. The main purpose is to ensure that property values do not go down the drain through neglect. My wife and I got stuck with the jobs of HOA President and secretary. We don't want to do this but our new neighborhood was deserted by the builder and things were starting to go bad. As soon as we get enough money to hire a Home Management company to do our jobs, we will.
Looks like you are wanting sympathy from those unfamiliar with HOAs and obligations? I am sure you knew when HOA dues are due. Seems that you are looking for some bogus technicality to get out of your obligation. For the person that mentioned that the HOA could forclose, they can't. They can put liens on homes but that is it. A HOA will only put a lien on one's property after fruitless attempts have been made to collect a debt. HOAs are regulated and must comply with state rules. Also, a HOA should make it a point to ensure a good relationship between homeowners and the organization. The main purpose is to ensure that property values do not go down the drain through neglect. My wife and I got stuck with the jobs of HOA President and secretary. We don't want to do this but our new neighborhood was deserted by the builder and things were starting to go bad. As soon as we get enough money to hire a Home Management company to do our jobs, we will.
That is not true. I am a board member on my HOA and unfortunately we just foreclosed on a property that the homeowner walked away from. The HOA can foreclose but it is am absolute last resort.
Looks like you are wanting sympathy from those unfamiliar with HOAs and obligations? I am sure you knew when HOA dues are due. Seems that you are looking for some bogus technicality to get out of your obligation. For the person that mentioned that the HOA could forclose, they can't. They can put liens on homes but that is it. A HOA will only put a lien on one's property after fruitless attempts have been made to collect a debt. HOAs are regulated and must comply with state rules. Also, a HOA should make it a point to ensure a good relationship between homeowners and the organization. The main purpose is to ensure that property values do not go down the drain through neglect. My wife and I got stuck with the jobs of HOA President and secretary. We don't want to do this but our new neighborhood was deserted by the builder and things were starting to go bad. As soon as we get enough money to hire a Home Management company to do our jobs, we will.
Yep, as the other poster said...you're incorrect on that point. HOA's can foreclose on a home if they so choose. It is a tough decsion between, foreclosing and have that look bad on the community and getting the money that's owed.
... For the person that mentioned that the HOA could forclose, they can't. They can put liens on homes but that is it. A HOA will only put a lien on one's property after fruitless attempts have been made to collect a debt. HOAs are regulated and must comply with state rules. Also, a HOA should make it a point to ensure a good relationship between homeowners and the organization...
You need to check your facts! They can force a foreclosure on a homeowner. Not only can they force it, they can do so without even notifying the homeowner. Once the foreclosure has been determined by a court, they can auction your home, again without notifying you of the pending action as well!
You need to check your facts! They can force a foreclosure on a homeowner. Not only can they force it, they can do so without even notifying the homeowner. Once the foreclosure has been determined by a court, they can auction your home, again without notifying you of the pending action as well!
All the more reason for homeowners to live up to their end of the contract and pay their dues on time.
You need to check your facts! They can force a foreclosure on a homeowner. Not only can they force it, they can do so without even notifying the homeowner. Once the foreclosure has been determined by a court, they can auction your home, again without notifying you of the pending action as well!
In reference to House Bill 1541, (Homeowner Associations of North Carolina) effective 01.01/2006, an HOA can forclose on a home only by seeking a judicial forclosure which requires a lawsuit seeking a court order allowing such action. An HOA does not have the power to forclose on its own without court intervention. In paragraph 5, (section a) information concerning the mandatory written 15 day grace period for the homeowner is discussed.
All the more reason for homeowners to live up to their end of the contract and pay their dues on time.
I do - it's really not that hard.
Exactly!
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