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New article on homeowner associations and foreclosures

April 23rd, 2010

Homeowner associations (HOAs) have their perks – depending on where you live, you probably won’t need to mow the lawn or paint the house. That sounds great, but don’t underestimate the power that HOAs wield, for better or for worse. Essential governments unto themselves, HOAs have the authority to restrict your freedoms in surprisingly petty ways, and when you don’t comply, you get more than a slap on the wrist. Small fees for something as mundane as walking your dog without a leash, if left unpaid, can balloon into obscene sums that can get you evicted. That’s right, HOAs in many states have the power to foreclose on your house, out of court, and you don’t even have the right to confront the board. The message to take from this is that HOAs are surprisingly unregulated and controlled by a few elected officials who can do almost anything they want with your most valuable asset – your home. To find out more, check out our new article on The Dark Side of Homeowner Associations.

This blog entry was posted by Rob London.

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