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re: About to get into a fight with HOA over parking policy inside the community
Posted on 9/29/14 at 3:43 pm to Croacka
Posted on 9/29/14 at 3:43 pm to Croacka
quote:
there are a ton of unpaid dues but according to the HOA, the legal fees involved with putting liens on property outweigh the fees owed, so its not worth the battle
In Texas, apparently you could add the fees to the amount owed, i.e. the lien. And if you didn't pay your dues for enough years, they could foreclose on the property. And the best thing was this, according to the attorney our HOA had: the lien was primary over the mortgage. So the HOA could not only force a foreclosure, but they got their money before the mortgage company did.
2
Posted on 9/29/14 at 3:49 pm to LSUFanHouston
In louisiana the more well written HOA's for condominiums have a clause in there where they can turn your water off. Talking to a guy that manages numerous HOAs that tactic is much more effective than liens.
Posted on 9/29/14 at 4:02 pm to LSUFanHouston
quote:
And if you didn't pay your dues for enough years, they could foreclose on the property. And the best thing was this, according to the attorney our HOA had: the lien was primary over the mortgage. So the HOA could not only force a foreclosure, but they got their money before the mortgage company did.
that's why mortgage companies routinely want to look at HOA bylaws... to check their risk
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